NBR's International Reserves in December 2005
04.01.2006
At end-December 2005, foreign exchange reserve of the National Bank of Romania came in at EUR 16,794.7 million.
The EUR 62.1 million rise in December 2005 was due to the following:
- EUR 1,035.7 million worth of inflows, as a result of incomes from international reserve management, the change in the foreign exchange-denominated required reserves of commercial banks, surrenders to official forex reserve, a. s. o;
- EUR 973.6 million worth of outflows consisting of principal repayment and interest payments on public and publicly guaranteed external debt, the change in foreign exchange-denominated required reserves of commercial banks, bank commissions, a. s.o.
The gold stock dropped to 104.8 tonnes. Yet, following the developments in the world price of gold, its value increased to EUR 1,460.5 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 18.25 billion.
In 2006, payments due on public and publicly guaranteed external debt amount to EUR 1,257 million.