NBR's International Reserves in August 2004
03.09.2004
At end-August 2004, foreign exchange reserves of the National Bank of Romania amounted to EUR 9,331.5 million.
The EUR 715.8 million expansion in August was the result of the following:
- EUR 392.3 million worth of purchases by the central bank from the forex market
- EUR 24.5 million worth of incomes from international reserve management;
- EUR 43.4 million worth of principal repayments and payment of interest on external public debt, direct and bearing the guarantee of the Ministry of Public Finance;
- EUR 342.4 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 stayed put at 105.1 tonnes, but following the developments in the world price of gold its value increased to EUR 1,141.2 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 10.47 billion.
By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 511 million.