Banca Naţională a României

The consolidation of NBR foreign exchange reserves continued into October, their level amounting to USD 2,264.3 million at the end of the month.

The forex reserves rose by USD 128.7 million as a result of the following operations:

• USD 133.7 million inflows from the sale of bonds issued by the Ministry of Finance on the international market;

• USD 54.5 million net purchases of the central bank on the forex market;

• USD 10.3 million revenues from the official reserve management;

• principal and interest payments falling due, worth USD 65.3 million, on foreign public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;

• other net outflows in amount of USD 4.5 million (change in foreign-exchange required reserves set up by commercial banks, surrender of foreign exchange to official reserves, contributions and bank commissions a.s.o.).

The gold stock moved up to 104.6 tons, but following the developments in the price of gold on international markets, its value decreased to USD 895.2 million, taking the NBR's international reserves (gold included) to more than USD 3.1 billion.

The payments on foreign public debt, direct and bearing the sovereign guarantee of the Ministry of Finance, falling due by the end of 2000 run at USD 164 million.

The National Bank of Romania is further striving to consolidate its reserve assets and service the foreign public debt on time.