NBR's International Reserves in September 2000
03.10.2000
Against the background of the full payment of the foreign public debt service, the foreign exchange reserves of the NBR amounted to USD 2,135.6 million as of 30 September 2000.
In September, the forex reserves declined by USD 22.6 million as a result of the following operations:
- USD 32.2 million in inflows from the sale of foreign-exchange denominated government securities issued by the Ministry of Finance on the domestic market;
- USD 9.6 million in revenues from the official reserve management;
- principal and interest payments falling due, worth USD 43.7 million, on foreign public debt, direct and bearing the sovereign guarantee of the Ministry of Finance;
- USD 25.3 million in net sales of the central bank on the forex market;
- other net inflows in amount of USD 4.6 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 104.5 tons, but following the developments in the price of gold on international markets, its value decreased to USD 921.2 million, taking the NBR’s international reserves (gold included) to USD 3.06 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 209 million.
The National Bank of Romania is further striving to consolidate its reserve assets and service the foreign public debt on time.