NBR's International Reserves in January 2008
01.02.2008
Foreign exchange reserves of the National Bank of Romania up EUR 245 million in January
At end-January 2008, foreign exchange reserves of the National Bank of Romania ran at EUR 25,552 million.
The EUR 245 million increase recorded at the end of the reported month owed to the following:
- EUR 1,039.1 million worth of inflows representing the change in the foreign-exchange reserve requirements of commercial banks, incomes from international reserve management, a.s.o.
- EUR 794.1 million worth of outflows consisting in principal repayments and interest payments on public and publicly guaranteed external debt, payments out of the account of the European Commission, the change in foreign-exchange reserve requirements of commercial banks, a.s.o.
The gold stock stayed at 103.7 tonnes. However, following the developments in the world price of gold, its value surged to EUR 2,072.63 million; as a result, the international reserves of the National Bank of Romania (foreign exchange and gold) stood at EUR 27.62 billion.
By the end of 2008, payments due on public and publicly guaranteed external debt will amount to EUR 1,796.80 million.