NBR's International Reserves in January 2004
03.02.2004
At
end-January 2004, foreign exchange reserves of the National Bank of Romania came in at EUR 6,351.1 million.
The EUR 48.2 million decline in January 2004 was the result of the following:
- EUR 127.7 million worth of sales by the central bank on the forex market;
- EUR 51.4 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 11 million worth of incomes from international reserve management;
- EUR 119.9 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 decreased to EUR 1,092.1 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to over EUR 7.44 billion.
In 2004, payments due on external public debt, direct and bearing the guarantee of the Ministry of Public Finance, amount to EUR 1,324 million.