NBR's International Reserves in April 2001
03.05.2001
At the end of April 2001, NBR foreign exchange reserves amounted to USD 2,887.3 million.
In April 2001, the forex reserves rose by USD 63.7 million as a result of the following operations:
- USD 128.9 million net purchases of the central bank on the forex market;
- USD 22 million revenues from the international reserve management;
- payments of principal and interest falling due, worth USD 64 million, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- redemption of foreign-exchange denominated government securities worth USD 46.3 million, issued by the Ministry of Finance on the domestic market;
- sundry net inflows in amount of USD 23.1 million (change in foreign-exchange required reserves set up by commercial banks, surrenders of foreign exchange to official reserves, contributions and bank commissions a.s.o.).
The gold stock stood at 105 tons, but following the developments in the world price of gold, its value increased to USD 889.4 million, leaving the NBR's international reserves (gold included) at more than USD 3.7 billion.
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance, falling due by the end of 2001 run at USD 903 million.