Banca Naţională a României

At end-April 2004, foreign exchange reserves of the National Bank of Romania amounted to EUR 7,026.5 million.

The EUR 261.9 million climb in April 2004 was the result of the following:

• EUR 212 million worth of net purchases by the central bank on the forex market;
• EUR 38.9 million net inflows from issues of government securities in foreign exchange, launched by the Ministry of Public Finance on the domestic market;
• EUR 17.6 million worth of incomes from international reserve management;
• EUR 23.3 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 16.7 million in other net inflows (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 decreased to EUR 1,095.9 million, leaving the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 8.12 billion.

By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 1,026 million.