Banca Naţională a României

On March 31^st 2011, National Bank of Romania’s foreign exchange reserves stood at EUR 32,767 million, compared to EUR 32,068 million on February 28^th 2011.

During the month, the following flows have taken place:

• EUR 1,720 million inflows, representing changes in the Ministry of Public Finances’ accounts (including the fourth tranche of the loan from the European Commission), changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, income from the management of foreign exchange reserves, a.s.o.;
• EUR 1,021 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 and 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 3,356 million.

The international reserves of Romania (foreign currencies and gold) on March 31^st 2011 stood at EUR 36,123 million, compared to EUR 35,467 million on February 28^th 2011.

During the month of April 2011, the payments due on public and publicly guaranteed external debt amount to EUR 128.12 million.