NBR's International Reserves in January 2000
03.02.2000
The National Bank of Romania further strengthened its foreign currency reserves that ran at USD 1,693.9 million on 31 January 2000.
The USD 147.7 million rise in foreign reserves was the net result of the following:
- purchases worth USD 184.4 million by the central bank from the forex market;
- foreign-exchange inflows of USD 18.1 million, including privatisation receipts, to the official reserves;
- principal and interest payments falling due worth USD 84.1 million related to foreign and domestic public debt, direct or bearing the sovereign guarantee of the Ministry of Finance;
- other inflows (change in foreign-exchange reserve requirements met by commercial banks, interest on bank investments, payments, fees and commissions a. o.) in amount of USD 29.3 million.
The gold stock increased as much as 103.5 tons, but owing to the recent developments in the price of gold on foreign markets, its value dipped to USD 952.2 million, leaving the NBR’s foreign reserves (gold included) at over USD 2.6 billion.
The National Bank of Romania is further striving to strengthen reserve assets and to ensure timely repayment of the foreign public debt service.