Banca Naţională a României

On December 31^st 2011, National Bank of Romania’s foreign exchange reserves stood at EUR 33,193 million, compared to EUR 31,744 million on November 30^th 2011.

During the month, the following flows have taken place:

• EUR 1,994 million inflows, representing inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts (including the third tranche within the agreement with the World Bank, in amount of EUR 400 million), changes in the foreign exchange reserve requirements of the credit institutions, income from the management of foreign exchange reserves a.s.o.;
  The appreciation of the U.S. dollar, Japanese yen and pound sterling against the euro on the global foreign exchange market was another factor that provided support to the increase in the value of the international reserves.
• EUR 545 million outflows, representing interest and principal payments on foreign currency public debt, changes in the foreign exchange reserve requirements of the credit institutions a.s.o.

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 4,058 million.

The international reserves of Romania (foreign currencies and gold) on December 31st 2011 stood at EUR 37,251 million, compared to EUR 36,020 million on November 30th 2011.

During the month of January 2012, the payments due on public and publicly guaranteed foreign currency denominated debt amount to EUR 142 million.