Banca Naţională a României

At end-June 2005, foreign exchange reserves of the National Bank of Romania amounted to EUR 13,770.4 million.

The EUR 534.2 million rise in June 2005 was due to the following:

• EUR 1,131.6 million worth of inflows resulting from purchases by the central bank off the forex market, privatisation proceeds, incomes from the management of international reserves, the change in the foreign-exchange reserve requirements of commercial banks, surrenders to official forex reserves, a.s.o.
• EUR 597.4 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, but following the developments in the world price of gold its value increased to EUR 1,217.2 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 14.98 billion.

By end-2005, payments due on external public and publicly guaranteed debt amount to EUR 828 million.