NBR's International Reserves in August 2001
04.09.2001
At end-August 2001, NBR foreign exchange reserves augmented to USD 3,660.3 million (EUR 3,993.3 million).
The USD 60.2 million rise in August was the result of the following operations:
- USD 41.0 million surrenders of foreign exchange to official reserves (including proceeds from asset sales);
- USD 18.8 million net purchases of the central bank on the forex market;
- USD 15.1 million from the international reserve management;
- USD 101.3 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 10.1 million redemptions of foreign-exchange denominated government securities issued by the Ministry of Public Finance and launched on the domestic market;
- USD 96.7 other inflows (change in foreign-exchange required reserves set by commercial banks, bank commissions a.s.o.).
The gold stock stood at 105.0 tons, but following the developments in the world price of gold, its value increased to USD 930.0 million, leaving the NBR's international reserves (gold included) at USD 4.5 billion (EUR 5.0 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 608 million.