NBR's International Reserves in September 2001
02.10.2001
At end-September 2001, NBR's foreign exchange reserves augmented to USD 3,686.3 million (EUR 4,055.3 million).
The USD 26.0 million increase in September was the result of the following operations:
- USD 77.7 million net purchases of the central bank on the forex market;
- USD 16.9 million surrenders of foreign exchange to official reserves;
- USD 13.7 million proceeds from international reserve management;
- USD 84.2 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 16.6 million redemptions of foreign-exchange denominated government securities launched by the Ministry of Public Finance on the domestic market;
- USD 18.5 million other net inflows (change in foreign-exchange required reserves set by commercial banks, bank commissions a. s. o.).
The gold stock further stood at 105 tons, but following the developments in the world price of gold, its value increased to USD 982.3 million, leaving the NBR's international reserves (gold included) at over USD 4.6 billion (EUR 5.1 billion).
The 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 542 million.