Banca Naţională a României

On January 31^st 2011, National Bank of Romania’s foreign exchange reserves stood at EUR 32,689 million, compared to EUR 32,432 million on December 31^st 2010.

During the month, the following flows have taken place:

• EUR 1,771 million inflows, representing the seventh tranche of the Stand-by agreement, changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, changes in the Ministry of Public Finances’ accounts, income from the management of foreign exchange reserves, a.s.o.
• EUR 1,514 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on public and publicly guaranteed external debt, as well as the depreciation of the U.S. dollar and pound sterling against the euro with impact on diminishing the market value of the share of foreign reserves denominated in these currencies.

The gold stock has held steady at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,258 million.

The international reserves of Romania (foreign currencies and gold) on January 31^st 2011 stood at EUR 35,947 million, compared to EUR 35,950 million on December 31^st 2010.

During the month of February 2011, the payments due on public and publicly guaranteed external debt amount to EUR 163.08 million.