NBR's International Reserves in August 2005
02.09.2005
At
end-August 2005, foreign exchange reserves of the National Bank of Romania stood at EUR 16,432.5 million.
The EUR 1,579.6 million increase in August 2005 was due to the following:
- EUR 2,090.2 million worth of inflows from purchases by the central bank off the forex market, privatisation proceeds, incomes from international reserve management, the change in the foreign-exchange reserve requirements of commercial banks, surrenders to official forex reserves, a.s.o.;
- EUR 351.0 million worth of sales from the external loan achieved by the Bucharest City Hall
- EUR 510.6 million worth of outflows consisting of principal repayments and interest payments on external public and publicly guaranteed debt, the change in foreign-exchange reserve requirements of commercial banks, membership quotas, bank commissions, a.s.o.
The gold stock stood flat at 105 tones. As a result of the developments in the world price of gold, the value of the gold stock raised to EUR 1,196.0 million, taking the international reserves of the National Bank of Romania (foreign currency and gold) to more than EUR 17.62 billion.
By end-2005, payments due on external public and publicly guaranteed debt amount to EUR 676 million.