NBR's International Reserves in May 2001
04.06.2001
At the end of May 2001, NBR foreign exchange reserves amounted to USD 3,037.1 million.
In May 2001, the forex reserves rose by USD 149.8 million as a result of the following operations:
- USD 180.6 million inflows from sales of foreign-exchange-denominated government securities issued by the Ministry of Public Finance on the domestic market;
- USD 54.1 million net purchases of the central bank on the forex market;
- USD 18.9 million revenues from the international reserve management;
- payments of principal and interest falling due, worth USD 74.5 million, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- other net outflows in amount of USD 29.3 million (change in foreign-exchange required reserves set up by commercial banks, surrenders of foreign exchange to official reserves, contributions and bank commissions a.s.o.).
The gold stock stood at 105 tons, but following the developments in the world price of gold, its value increased to USD 898.4 million, leaving the NBR's international reserves (gold included) at almost USD 4 billion. Their level saw significant daily changes due to the fluctuations in the gold price.
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Public Finance, falling due by the end of 2001 run at USD 925 million.