NBR's International Reserves in February 2004
02.03.2004
At end-February 2004, foreign exchange reserves of the National Bank of Romania ran at EUR 6,429.4 million.
The EUR 78.3 million increase in February 2004 was the result of the following:
- EUR 63.4 million worth of purchases by the central bank on the forex market;
- EUR 21.4 million worth of incomes from international reserve management;
- EUR 57.2 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 50.7 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 at 105.1 tonnes, but following the developments in the world price of gold its value dropped to EUR 1,069.7 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 7.49 billion.
By end-2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 1,293 million.