NBR's International Reserves in January 2002
04.02.2002
At end-January 2002, the NBR's foreign exchange reserves reached USD 3,757.3 million (EUR 4,354.3 million).
The USD 168.9 million decline in January 2002 was the result of the following operations:
- USD 77.4 million repayments of principal and payments of interest falling due on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance;
- USD 104 million net sales of the central bank on the forex market;
- USD 3.2 million in other net outflows (change in the foreign-exchange required reserves set by commercial banks, surrender of foreign exchange to official reserves, bank commissions, quotas a. s. o.);
- USD 15.7 million proceeds from international reserve management;
The gold stock stood at 105.2 tons, its value increasing to USD 952 million following the developments in the international price of gold, leaving the NBR's international reserves (foreign exchange and gold) at more than USD 4.7 billion (over EUR 5.4 billion).
Payments on external debt, direct and guaranteed by the Ministry of Public Finance due by the end of 2002 run at USD 1,712 million.