International reserves of the National Bank of Romania at 27.37 billion euros
March 7, 2008
At end-February 2007, foreign exchange reserves of the National Bank of Romania amounted to 27,37 billion euros.
The 311 million euros decline recorded at the end of the reported month owed to the following: 1.448 billion euros worth of inflows representing the change in the foreign-exchange reserve requirements of commercial banks, incomes from international reserve management; and 1.759 billion euros worth of outflows consisting in principal repayments and interest payments on public and publicly guaranteed external debt, payments to the account of the European Commission, the change in foreign-exchange reserve requirements of commercial banks and others.
The gold stock stayed at 103.7 tonnes. However, following the developments in the world price of gold, its value surged to 2125.95 million euros; as a result, the international reserves of the National Bank of Romania (foreign exchange and gold) stood at 27.37 billion euros.
In March 2008, payments due on public and publicly guaranteed external debt amount to 80 million euros. ROMPRES
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