NBR's International Reserves in November 2004
03.12.2004
At end-November 2004, foreign exchange reserves of the National Bank of Romania came in at EUR 9,922 million.
The EUR 28.1 million decrease in November was due to the following:
- EUR 17.6 million worth of incomes from international reserve management;
- EUR 98.7 million worth of principal repayments and interest payments on external public debt, direct and bearing the guarantee of the Ministry of Public Finance;
- EUR 53 million in other net inflows (change in the foreign-exchange required reserves deposited by commercial banks, surrenders to official forex reserves, bank fees and commissions, membership quotas, a. s. o.).
The gold stock stood flat at 105.1 tonnes, but following the developments in the world price of gold its value rose to EUR 1,150.4 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 11.07 billion.
By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 154 million.