NBR's International Reserves in August 2003
03.09.2003
At end-August 2003, foreign exchange reserves of the National Bank of Romania totalled EUR 6,661.5 million.
The EUR 367.8 million increase in August 2003 was the result of the following:
- EUR 269.2 million worth of purchases of the central bank from the forex market;
- EUR 11.1 million worth of incomes from international reserve management;
- EUR 57.5 million worth of repayments and interest payments falling due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance; and
- EUR 145 million in other net inflows (change in the foreign-exchange required reserves set up by commercial banks, surrenders to official forex reserves, bank commissions, quotas, a. s. o.).
The gold stock stood flat at 105.3 tonnes, but following the developments in the world price of gold its value rose to EUR 1,150.9 million, taking the international reserves of the National Bank of Romania to more than EUR 7.81 billion.
Payments on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, due by end-2003, work out at EUR 548 million.