NBR's International Reserves in July 2001
06.08.2001
At end-July 2001, the foreign exchange reserves expanded to USD 3,600.1 million (EUR 4,108.8 million).
The USD 19.1 million increase recorded in July 2001 stemmed from the following operations:
- USD 115.1 million net purchases on the forex market by the central bank;
- USD 24.5 million surrenders of foreign exchange to official reserves, including the amounts from privatization;
- USD 16.3 million revenues from the administration of the foreign exchange reserves;
- USD 82.0 million principal repayments and interest payment on external public debt, direct and guaranteed by the Ministry of Public Finance;
- USD 54.1 million worth of redemption of foreign-exchange-denominated government securities launched by the Ministry of Public Finance on the domestic market;
- USD 103.2 million repayments of short-term deposits (including interest) with the NBR, and
- USD 102.5 million other net inflows (including changes in the foreign exchange reserves set up by commercial banks).
The gold stock continued to stand at 105.0 tons, but following the developments in the world price of gold, its value dropped to USD 896.8 million, leaving the NBR's international reserves (foreign exchange and gold) at more than USD 4.4 billion (EUR 5.1 billion).
The payments on external debt, direct and guaranteed by the Ministry of Public Finance due by year-end 2001 run at USD 672 million.