NBR's International Reserves in May 2004
02.06.2004
At end-May 2004, foreign exchange reserves of the National Bank of Romania came in at EUR 7,271.6 million.
The EUR 245.1 million climb in May 2004 was the result of the following:
- EUR 331.4 million worth of purchases by the central bank from the forex market;
- EUR 16.6 million worth of incomes from international reserve management;
- EUR 138.3 million worth of principal repayments and payment of interest on external public debt, direct and bearing the guarantee of the Ministry of Public Finance;
- EUR 35.4 million worth of other net inflow (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 stayed put at 105.1 tonnes, but following the developments in the world price of gold its value diminished to EUR 1,086.4 million, sending the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 8.35 billion.
By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 852 million.