NBR's International Reserves in February 2008
03.03.2008
At end-February 2008, foreign exchange reserves of the National Bank of Romania ran at EUR 25,241 million.
The EUR 311 million decrease recorded at the end of the reported month owed to the following:
- EUR 1,448.9 million worth of inflows representing the change in the foreign-exchange reserve requirements of commercial banks, incomes from international reserve management, a.s.o.
- EUR 1,759.9 million worth of outflows consisting in payments to the European Commission, principal repayments and interest payments on public and publicly guaranteed external debt, the change in foreign-exchange reserve requirements of commercial banks, a.s.o.
The gold stock stayed at 103.7 tonnes. However, following the developments in the world price of gold, its value surged to EUR 2,125.95 million; as a result, the international reserves of the National Bank of Romania (foreign exchange and gold) stood at EUR 27.37 billion.
Payments due on public and publicly guaranteed external debt amount to EUR 80 million in March 2008.