NBR's International Reserves in February 2001
02.03.2001
The consolidation of NBR foreign exchange reserves continued into February 2001, their level amounting to USD 2,624.4 million at the end of the month.
In February 2001, the forex reserves rose by USD 52.7 million as a result of the following operations:
- USD 146.1 million net purchases of the central bank on the forex market;
- USD 19.7 million revenues from the international reserve management;
- payments of principal and interest falling due, worth USD 84.8 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 34.2 million, issued by the Ministry of Finance on the domestic market;
- other net inflows in amount of USD 5.9 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 105.1 tons, but following the developments in the world price of gold, its value decreased to USD 895.6 million, leaving the NBR's international reserves (gold included) at more than USD 3.5 billion.
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance, falling due by the end of 2001 run at USD 1,213 million.
The National Bank of Romania is further striving to consolidate its reserve assets and service the external public debt on time.