Romania's FX reserves rise to 58.894 bln euro in Nov

Foreign exchange inflows amounted to 2.961 billion euro in November, representing changes in credit institutions’ foreign currency-denominated required reserves with the Romanian central bank, inflows into the accounts of the finance ministry and inflows into the European Commission's account, the central bank said in a monthly report.

Foreign exchange outflows totalled 2.253 billion euro in November, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign debt.

The gold reserves of the central bank remained steady at 103.6 tonnes, while their value rose to 6.187 billion euro at the end of November from 5.879 billion euro a month earlier due to an increase in global gold prices.

The international reserves of Romania, including foreign currencies and gold, totalled 65.081 billion euro at the end of November, up from 64.432 billion euro a month earlier.

In December, the payments due on Romania's foreign currency-denominated public and publicly guaranteed debt will amount to approximately 2.462 billion euro.

($=0.9238 euro)