Banca Naţională a României

On October 31^st 2011, National Bank of Romania’s foreign exchange reserves stood at EUR 32,198 million, compared to EUR 33,626 million on September 30^th 2011.

During the month, the following flows have taken place:

• EUR 383 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts, income from the management of foreign exchange reserves, a.s.o.;
• EUR 1,811 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, outflows from the European Commission’s account, a.s.o. .

The gold stock has held steady at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 4,092 million.

The international reserves of Romania (foreign currencies and gold) on October 31^st 2011 stood at EUR 36,290 million, compared to EUR 37,642 million on September 30^th 2011.

During the month of November 2011, the payments due on public and publicly guaranteed foreign currency denominated debt amount to EUR 292 million.

The increase of approximately EUR 1.1 billion of the foreign currency reserves in September and the following decrease of EUR 1.4 billion in October were due to the exchange rates movements of the U.S. dollar, pound sterling and Japanese yen against the euro and the fluctuations of the capital flows with impact on the level of minimum reserves requirements in foreign currency held by credit institutions.