Forex reserves, down 505 million euros in April; BNR reimburses 248 million euros to IMF

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

The National Bank of Romania's (BNR) foreign exchange reserves on April 30, 2015, stood at 30.094 billion euros, down by 505 million euros, from 30.599 billion euros on March 31, 2015, as shown by the data BNR released on Monday.

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

In April, the BNR reserves registered 536 million euro inflows, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission's account and into the Ministry of Public Finances' accounts representing European funds.

In the same period, the reserve registered 1.041 billion euros outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt a.s.o. "Regarding the interest and principal payments on the foreign currency public debt, it includes the principal installments on Romania's loan from the International Monetary Fund, with the National Bank of Romania's payments totalizing 248 million euros equivalent," the BNR release points out.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to 3.588 billion euros.

The international reserves of Romania (foreign currencies and gold) on April 30, 2015, stood at 33.682 billion euros, compared to 34.263 billion euros on March 31, 2015.

"During the month of May 2015, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately 118 million euros," the BNR release also shows. AGERPRES

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