NBR's International Reserves in August 2007
03.09.2007
At end-August 2007, foreign exchange reserves of the National Bank of Romania came in at EUR 24,696.5 million.
The EUR 2,258.9 million increase in the month under review owed to the following:
- EUR 2,773.7 million worth of inflows comprising incomes from international reserve management, the strong rise in international prices of government bonds held in the NBR portfolio, the change in the foreign-exchange reserve requirements of commercial banks, a.s.o.;
- EUR 514.8 million worth of outflows consisting in principal repayments and interest payments on public and publicly guaranteed external debt, the change in foreign-exchange reserve requirements of commercial banks, a.s.o.
The gold stock stayed at 104.7 tonnes. Following the developments in the world price of gold, its value went up to EUR 1,644.80 million. As a result, the international reserves of the National Bank of Romania (foreign exchange and gold) ran at more than EUR 26.3 billion.
By end-2007, payments due on public and publicly guaranteed external debt amount to EUR 325 million.