Banca Naţională a României

On November 30^th 2013, National Bank of Romania’s foreign exchange reserves stood at EUR 32,414 million, compared to EUR 34,562 million on October 31^st 2013.

During the month, the following flows have taken place:

• EUR 857 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts a.s.o.;
• EUR 3,005 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt a.s.o. The interest and principal payments on foreign currency public debt category includes the interest as well as the principal instalment on Romania’s loan from the International Monetary Fund (with the National Bank of Romania’s payments totalizing approximately EUR 814 million equivalent and the Ministry of Public Finances’ payments amounting to approximately EUR 165 million equivalent) as well as the repayment of the euro denominated bond issued by the Ministry of Public Finances that matured on November 29^th 2013, plus interest, totalizing EUR 1,379 million.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,052 million.

The international reserves of Romania (foreign currencies and gold) on November 30^th 2013 stood at EUR 35,466 million, compared to EUR 37,816 million on October 31^st 2013.

During the month of December 2013, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 479 million.