NBR's International Reserves in May 2002
03.06.2002
At
end-May 2002, NBR's foreign exchange reserves amounted to USD 5,154.5 million (EUR 5,496.4 million).
The USD 844.7 million increase in May 2002 resulted from the following operations:
- USD 643.8 million proceeds from the bond issue launched by the Ministry of Public Finance on the international market;
- USD 117.5 million net income from foreign exchange government securities launched by the Ministry of Public Finance on the domestic market ;
- USD 60.4 million net purchases of the central bank from the forex market;
- USD 9.2 million incomes from international reserve management;
- USD 48.4 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 62.2 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 stood at 105.2 tons, its value rising to USD 1,107.1 million following the developments in the international price of gold, leaving the NBR's international reserves (foreign exchange and gold) at more than USD 6.2 billion (over EUR 6.6 billion).
The payments on external debt, direct and guaranteed by the Ministry of Public Finance due in 2002 run at USD 1,109 million.