Banca Naţională a României

At end-July 2008, foreign exchange reserves of the National Bank of Romania stood at EUR 25,238 million.

The EUR 323 million increase recorded in the reported month was due to the following:

• EUR 2,512.73 million worth of inflows representing the change in the foreign-exchange reserve requirements of credit institutions, the funds deposited in the account of the European Commission, incomes from international reserve management, a.s.o.
• EUR 2,189.73 million worth of outflows consisting in the change in the foreign-exchange reserve requirements of credit institutions, principal repayments and interest payments on public and publicly guaranteed external debt, payments to the European Commission, a.s.o.

The gold stock remained at 103.7 tonnes. However, following the developments in the world price of gold, its value dropped to EUR 1,946 million, taking the international reserves of the National Bank of Romania (foreign currencies and gold) to EUR 27,184 million.

In August 2008, payments due on public and publicly guaranteed external debt amount to EUR 57 million.