NBR's International Reserves in December 2000
04.01.2001
The consolidation of NBR foreign exchange reserves continued into December, their level amounting to USD 2,496.9 million at the end of the year 2000.
In December, the forex reserves rose by USD 193.2 million as a result of the following operations:
- USD 118.4 million net purchases of the central bank on the forex market;
- USD 41.6 million from surrenders of foreign exchange to official reserves, some of which from sales of assets and privatisation receipts;
- USD 11.2 million revenues from the international reserve management;
- payments of principal and interest falling due, worth USD 58.4 million, on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- other net inflows in amount of USD 80.4 million (change in foreign-exchange required reserves set up by commercial banks, contributions and bank commissions a.s.o.).
The gold stock moved up to 104.9 tons and following the developments in the price of gold on international markets, its value increased to USD 919.5 million, taking the NBR's international reserves (gold included) to more than USD 3.4 billion.
The payments on external public debt, direct and bearing the sovereign guarantee of the Ministry of Finance, falling due in 2001 run at USD 1,427 million.
The National Bank of Romania is further striving to consolidate its reserve assets and service the external public debt on time.