NBR's International Reserves in July 2005
03.08.2005
At end-July 2005, foreign exchange reserves of the National Bank of Romania stood at EUR 14,852.9 million.
The EUR 1,082.5 million surge in July 2005 was due to the following:
- EUR 1,662.7 million worth of inflows from purchases by the central bank off the forex market, privatisation proceeds, incomes from international reserve management, the change in the foreign-exchange reserve requirements of commercial banks, surrenders to official forex reserves, a.s.o.;
- EUR 580.2 million worth of outflows consisting of principal repayments and interest payments on external public and publicly guaranteed debt, the change in foreign-exchange reserve requirements of commercial banks, membership quotas, bank commissions, a.s.o.
The gold stock stood flat at 105 tonnes. Following the developments in the world price of gold, its value declined to EUR 1,192.5 million, taking the international reserves of the National Bank of Romania (foreign exchange and gold) to more than EUR 16.04 billion.
By end-2005, payments due on external public and publicly guaranteed debt amount to EUR 723 million.