NBR's International Reserves in December 2002
06.01.2003
At end-December 2002, NBR's foreign exchange reserves stood at USD 6,144.5 million (EUR 5,894.6 million).
The USD 160.9 million increase in December 2002 resulted from the following operations:
- USD 156.3 million purchases of the central bank on the forex market;
- USD 38.5 millions surrenders (including from privatisation) to official reserves;
- USD 17.9 million incomes from international reserve management;
- USD 108.5 million repayments and payment of interest falling due on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance;
- USD 101.6 million repayments of short-term deposits (related interest included) raised by the NBR; and
- USD 158.3 million other net inflows (changes in the foreign exchange required reserves set up by commercial banks, bank commissions, quotas, a. s. o.).
The gold stock further stayed flat at 105.3 tons, and following the developments in the world price of gold, its value rose to USD 1,180 million, leaving the NBR's international reserves (gold included) at over USD 7.3 billion (over EUR 7 billion).
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due in 2003 total USD 1,785 million.