NBR's International Reserves in October 2001
02.11.2001
At end-October 2001, NBR foreign exchange reserves edged at USD 3,536.2 million (EUR 3,907.0 million).
The USD 150.1 million decrease in October was the result of the following operations:
- USD 99.0 million inflows from sales of foreign-exchange denominated government securities launched by the Ministry of Public Finance on the domestic market;
- USD 76.3 million net purchases on the forex market by the central bank;
- USD 15.5 million proceeds from international reserve management;
- USD 282.7 million redemptions of bonds issued by the National Bank of Romania in 1996;
- USD 102.5 million repayments and payments of interest falling due, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance;
- USD 44.3 million other net inflows (change in foreign-exchange required reserves set by commercial banks, bank commissions, quotas a. s. o.).
The gold stock further stood at 105 tons, but following the developments in the world price of gold, its value dipped to USD 949.0 million, leaving the NBR's international reserves (foreign exchange and gold) at over USD 4.4 billion (EUR 4.9 billion).
Payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance due by the end of 2001, run at USD 180 million.