NBR's International Reserves in March 2004
05.04.2004
At end-March 2004, foreign exchange reserves of the National Bank of Romania came in at EUR 6,764.6 million.
The EUR 335.2 million increase in March 2004 was the result of the following:
- EUR 335.5 million worth of purchases by the central bank on the forex market;
- EUR 15.4 million worth of incomes from international reserve management;
- EUR 52.7 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 37 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 stood at 105.1 tonnes, but following the developments in the world price of gold its value increased to EUR 1,168 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 7.93 billion.
By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 1,067 million.