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Romanian c-bank FX reserves rise to 42.77 bln euro in July

Romanian c-bank FX reserves rise to 42.77 bln euro in July Source: BNR

BUCHAREST (Romania), August 1 (SeeNews) - The foreign exchange reserves held by Romania's central bank, excluding gold, rose to 42.768 billion euro ($43.897 billion) at the end of July, from 42.033 billion euro a month earlier, the central bank said on Monday.

Foreign exchange inflows amounted to 3.315 billion euro representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the finance ministry's accounts and inflows into the European Commission (EC) accounts and other, the bank said in a monthly statement.

Foreign exchange outflows totaled 2.580 billion 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 5.751 billion euro at the end of July.

The international reserves of Romania, including foreign currencies and gold, totalled 48.519 billion euro as of end-July, compared to 47.823 billion euro a month earlier.

During August, the payments due on the foreign currency-denominated public and publicly guaranteed debt will amount to approximately 172 million euro.

($= 0.9516 euro)

 
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