Banca Naţională a României

On July 31^st 2014, the National Bank of Romania’s foreign exchange reserves stood at EUR 30,908 million, compared to EUR 31,236 million on June 30^th 2014.

During the month, the following flows have taken place:

• EUR 746 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 1,074 million outflows, representing the entering into force of the decision to cut the minimum reserve requirement ratio on foreign currency-denominated liabilities of credit institutions to 16 percent from 18 percent starting with the July 24-August 23, 2014 maintenance period, 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.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,224 million.

The international reserves of Romania (foreign currencies and gold) on July 31^st 2014 stood at EUR 34,132 million, compared to EUR 34,442 million on June 30^th 2014.

During the month of August 2014, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 487 million.