Banca Naţională a României

On November 30^th 2014, National Bank of Romania’s foreign exchange reserves stood at EUR 31,467 million, compared to EUR 32,214 million on October 31st 2014.

During the month, the following flows have taken place:

• EUR 1,142 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts, inflows into the European Commission’s account a.s.o.;
• EUR 1,889 million outflows, representing the entering into force of the decision to cut the minimum reserve requirement ratio on foreign currency-denominated liabilities of credit institutions to 14 percent from 16 percent starting with the November 24-December 23, 2014 maintenance period, changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt a.s.o. Regarding the interest and principal payments on the foreign currency public debt, it includes the interest as well as the principal instalments on Romania’s loan from the International Monetary Fund, with the payments totalizing EUR 326 million equivalent.

The gold stock remained unchanged at 103.7 tones. However, following the change in the international price of gold, its value amounted to EUR 3,171 million.

The international reserves of Romania (foreign currencies and gold) on November 30^th 2014 stood at EUR 34,638 million, compared to EUR 35,327 million on October 31^st 2014.

Over the course of the year 2014, the international reserves of Romania (foreign currencies and gold) fluctuated between a maximum of EUR 35,983 million in January and a minimum of EUR 33,752 million in May; the foreign exchange reserves fluctuated between a maximum of EUR 32,913 million in January and a minimum of EUR 30,681 million in May.

During the month of December 2014, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 244 million.