NBR's International Reserves in February 2007
02.03.2007
At end-February 2007, foreign exchange reserves of the National Bank of Romania equalled EUR 21,648.3 million. The EUR 56.8 million decline in the month under review was due to the following:
- EUR 315.9 million worth of inflows comprising incomes from international reserve management, change in the foreign-exchange reserve requirements of commercial banks, surrenders to official foreign-exchange reserves, a.s.o.;
- EUR 372.7 million worth of outflows consisting in principal repayments and interest payments on public and publicly guaranteed external debt, the change in foreign-exchange reserve requirements of commercial banks, bank commissions, a.s.o.
The gold stock stayed flat at 104.7 tonnes. Following the developments in the world price of gold, its value rose to EUR 1,728.0 million, taking the National Bank of Romania's international reserves (foreign exchange and gold) to more than EUR 23.37 billion.
By end-2007, payments due on public and publicly guaranteed external debt run at EUR 935 million.