NBR's International Reserves in January 2001
02.02.2001
The consolidation of NBR foreign exchange reserves continued into January 2001, their level amounting to USD 2,571.7 million at the end of the month.
In January 2001, the forex reserves rose by USD 74.8 million as a result of the following operations:
- USD 145.5 million inflows from the bonds issued by the Ministry of Finance on the international market;
- USD 25.3 million revenues from the international reserve management;
- payments of principal and interest falling due, worth USD 74.7 million, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- USD 92.8 million net sales of the central bank on the forex market;
- other net inflows in amount of USD 71.5 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 moved up to 105.1 tons, but following the developments in the world price of gold, its value decreased to USD 899.3 million, leaving the NBR's international reserves (gold included) at more than USD 3.4 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 1,336 million.
The National Bank of Romania is further striving to consolidate its reserve assets and service the external public debt on time.