NBR's International Reserves in March 2003
02.04.2003
At end-March 2003, NBR's foreign exchange reserves ran at EUR 5,829.2 million.
The EUR 21.2 million increase in March 2003 resulted from the following operations:
- EUR 57.7 million worth of purchases of the central bank on the forex market;
- EUR 21.1 million worth of incomes from international reserve management;
- EUR 59.5 million worth of repayments and payment of interest falling due on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance; and
- EUR 1.9 million in other net outflows (changes in the foreign exchange required reserves set up by commercial banks, surrenders to official reserves, bank commissions, quotas, a. s. o.).
The gold stock held steady at 105.3 tons, and following the developments in the world price of gold, its value dropped to EUR 1,044.1 million, leaving the NBR's international reserves (gold included) at over EUR 6.87 billion.
Payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due by end-2003, amount to EUR 1,428 million.