Banca Naţională a României

On August 31^st 2013, the National Bank of Romania’s foreign exchange reserves stood at EUR 32,173 million, compared to EUR 33,353 million on July 31^st 2013.

During the month, the following flows have taken place:

• EUR 888 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts a.s.o.;
• EUR 2,068 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt a.s.o.. The interest and principal payments on foreign currency public debt category includes the interest as well as the ninth and tenth principal instalment on Romania’s loan from the International Monetary Fund (with the National Bank of Romania’s payments totalizing EUR 835 million equivalent * and the Ministry of Public Finances’ payments amounting to EUR 168 million equivalent *) as well as the repayment of the euro denominated bond issued by the Ministry of Public Finances that matured on August 19th 2013, plus interest, totalizing EUR 470 million.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,507 million.

The international reserves of Romania (foreign currencies and gold) on August 31^st 2013 stood at EUR 35,680 million, compared to EUR 36,697 million on July 31^st 2013.

From the beginning of 2013, the payments on public foreign currency denominated debt to the International Monetary Fund, comprising both interest and principal payments, amounted to EUR 2,619 million equivalent for the National Bank of Romania and to EUR 605 million equivalent for the Ministry of Public Finances.

Until the end of the year, the payments due on public foreign currency denominated debt to the International Monetary Fund, comprising both capital payments and interest, will amount to approximately EUR 1,294 million equivalent for the National Bank of Romania and to approximately EUR 414 million equivalent for the Ministry of Public Finance.

* the IMF payments are in SDR. The euro equivalent amounts were computed using average exchange rates based on the National Bank of Romania’s daily exchange rates during the month of payment.