Banca Naţională a României

At end-September 2004, fforeign exchange reserves of the National Bank of Romania came in at EUR 9,745.8 million.

The EUR 414.3 million increase in September was due to the following:

• EUR 524.4 million worth of purchases by the central bank from the forex market;
• EUR 81.8 million worth short-time deposit;
• EUR 16.8 million worth of incomes from international reserve management;
• EUR 92.3 million worth of principal repayments and interest payments on external public debt, direct and bearing the guarantee of the Ministry of Public Finance;
• EUR 72.6 million worth of redemption of government securities issued by the Ministry of Public Finance;
• EUR 43.8 million in other net outflows (change in the foreign-exchange required reserves deposited by commercial banks, surrenders to official forex reserves, bank fees and commissions, membership quotas, a. s. o.).

The gold stock stood flat at 105.1 tonnes, but following the developments in the world price of gold its value fell to EUR 1,130 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 10.87 billion.

By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 319 million.