NBR's International Reserves in November 2000
05.12.2000
The consolidation of NBR foreign exchange reserves continued into November, their level amounting to USD 2,303.7 million at the end of the month.
The forex reserves rose by USD 39.4 million as a result of the following operations:
- USD 133.8 million inflows from the sale of bonds issued by the Ministry of Finance on the international market;
- USD 39.3 million net purchases of the central bank on the forex market;
- USD 14.1 million revenues from the official reserve management;
- payments of principal and interest falling due, worth USD 85.8 million, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- other net outflows in amount of USD 62 million (change in foreign-exchange required reserves set up by commercial banks, surrender of foreign exchange to official reserves, contributions and bank commissions a.s.o.).
The gold stock moved up to 104.8 tons and following the developments in the price of gold on international markets, its value increased to USD 899.8 million, taking the NBR's international reserves (gold included) to more than USD 3.2 billion.
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance, falling due by the end of 2000 run at USD 67 million.
The National Bank of Romania is further striving to consolidate its reserve assets and service the external public debt on time.