Banca Naţională a României

On May 31^st 2014, the National Bank of Romania’s foreign exchange reserves stood at EUR 30,681 million, compared to EUR 32,440 million on April 30^th 2014.

During the month, the following flows have taken place:

• EUR 1,248 million inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts a.s.o.;
• EUR 3,007 million outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, payments from the European Commission's account a.s.o. Regarding the interest and principal payments on the foreign currency public debt it includes the interest as well as the principal instalments on Romania’s loan from the International Monetary Fund (with the National Bank of Romania’s payments totalizing approximately EUR 784 million equivalent and the Ministry of Public Finances’ payments amounting to approximately EUR 157 million equivalent) as well as the repayment of the principal and interest of the euro denominated bond issued by the Ministry of Public Finances that matured on May 6th 2014 totalizing EUR 1,339 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 3,071 million.

The international reserves of Romania (foreign currencies and gold) on May 31^st 2014 stood at EUR 33,752 million, compared to EUR 35,557 million on April 30^th 2014.

During the month of June 2014, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 667 million.