NBR's International Reserves in June 2001
02.07.2001
As at end-June 2001, NBR foreign exchange reserves went up to USD 3.581 million.
The USD 543.9 million increase in June was the result of the following operations:
- USD 502.9 million in inflows from sales of foreign-exchange-denominated bond issues launched by the Ministry of Public Finance on the international market;
- USD 124.7 million net purchases on the forex market by the central bank;
- USD 11.7 million in revenues from the administration of the foreign exchange reserve;
- USD 91.4 million, principal repayments and interest payments falling due on external public debt, direct and guaranteed by the Ministry of Public Finance;
- USD 21.9 million worth of redemptions of foreign-exchange-denominated government securities launched by the Ministry of Public Finance on the domestic market; and
- other net inflows worth USD 17.9 million (changes in the foreign exchange reserves set up by commercial banks, surrenders of foreign exchange to official reserves, contributions and bank commissions, a. s. o.).
The gold stock continued to stand at 105 tons, but following the developments in the world price of gold, its value increased to USD 911.3 million, leaving the NBR's international reserves (foreign exchange and gold) at more than USD 4.4 billion.
The payments on external debt, direct and guaranteed by the Ministry of Public Finance due by year-end 2001 run at USD 820 million.