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Romanian c-bank FX reserves rise to 41.6 bln euro in Aug

Romanian c-bank FX reserves rise to 41.6 bln euro in Aug Romania FX reserves

BUCHAREST (Romania), September 1 (SeeNews) - The foreign exchange reserves held by Romania's central bank, excluding gold, totalled 41.616 billion euro ($49.7 billion) at the end of August, compared to 39 billion euro a month earlier, the central bank said on Wednesday.

Foreign exchange inflows amounted to 3.343 billion euro representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the finance ministry and European Commission accounts and other, the bank said in a monthly statement. Inflows also included the crediting of Romania’s Special Drawing Rights (SDR) account following the International Monetary Fund’s new general allocation, with the quota of SDR 1.736 billion euro, equivalent to approximately 2.1 billion euro, on August 23.

Foreign exchange outflows totaled 735 million euro, representing representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.

The gold reserves of the central bank remained unchanged at 103.6 tonnes. However, following the change in the international price of gold, its value amounted to 5.114 billion euro at the end of August.

The international reserves of Romania, including foreign currencies and gold, totalled 46.730 billion euro as of end-August, compared to 44.130 billion euro a month earlier.

During September, the payments due on the foreign currency-denominated public and publicly guaranteed debt will amount to approximately 74 million euro.

($=0.8462 euro)

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