NBR's International Reserves in October 2004
02.11.2004
At end-October 2004, foreign exchange reserves of the National Bank of Romania ran at EUR 9,950.1 million.
The EUR 204.3 million increase in October was due to the following:
- EUR 218.1 million worth of purchases by the central bank from the forex market;
- EUR 25.1 million worth of incomes from international reserve management;
- EUR 19.6 million worth of principal repayments and interest payments on external public debt, direct and bearing the guarantee of the Ministry of Public Finance;
- EUR 19.3 million in other net outflows (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 fell to EUR 1,129.5 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 264 million.