NBR's International Reserves in February 2003
04.03.2003
At end-February 2003, NBR's foreign exchange reserves ran at USD 6,286.6 million (EUR 5,808 million).
The USD 15.2 million increase in February 2003 stemmed from the following operations:
- USD 136.9 million worth of purchases of the central bank on the forex market;
- USD 18.1 million worth of incomes from international reserve management;
- USD 68.4 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
- USD 71.4 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 slid to USD 1,177.3 million, leaving the NBR's international reserves (gold included) at over USD 7.4 billion (almost EUR 6.9 billion).
Payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due by end-2003, amount to USD 1,632 million.