NBR's International Reserves in November 2001
04.12.2001
At end-November 2001, NBR foreign exchange reserves amounted to USD 3,612.6 million (EUR 4,072.8 million).
The USD 76.4 million increase in November was the result of the following operations:
- USD 120.6 million net purchases of the central bank on the forex market;
- USD 66.7 million borrowings under the stand-by arrangement with the International Monetary Fund;
- USD 18.2 million proceeds from the international reserve management;
- USD 127.8 million repayments and payments of interest falling due, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance;
- USD 1.3 million other net outflows (change in foreign exchange required reserves set by commercial banks, surrenders to official reserves, bank commissions, quotas a.s.o.).
The gold stock stood at 105 tons, but following the developments in the international price of gold, its value dropped to USD 928.2 million, leaving the NBR's international reserves (gold included) at more than USD 4.5 billion (over EUR 5.1 billion).
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due by the end of 2001 run at USD 101 million.