NBR's International Reserves in October 2002
04.11.2002
At
end-October 2002, NBR's foreign exchange reserves totalled USD 6,039.3 million (EUR 6,119.5 million).
The USD 425.2 million rise in October 2002 resulted from the following operations:
- USD 293.3 million net purchases of the central bank from the forex market;
- USD 167.7 million borrowings from the World Bank under the PSAL II arrangement;
- USD 23.3 million incomes from international reserve management;
- USD 88.6 million repayments and payment of interest falling due on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance; and
- USD 29.5 million other net inflows (changes in the foreign exchange required reserves set up by commercial banks, surrender of foreign exchange to official reserves, bank commissions, quotas, a. s. o.).
The gold stock further stood at 105.3 tons, and following the developments in the world price of gold, its value dropped to USD 1,070.9 million, leaving the NBR's international reserves (gold included) at over USD 7.1 billion (over EUR 7.2 billion).
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due by the end of 2002 run at USD 355 million.