Romanias international reserve – 27.20 bln euro at end-April

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Romania’s international reserve (foreign currency plus gold) totaled 27.20bln euro at the end of April 2008, the National Bank of Romania (BNR) announced on May 2.
 
According to BNR, the gold reserve kept steady at 103.7 tons, but as a result of the evolution of international prices, its value decreased to 1.859 bln euro, taking Romania’s international reserve to 27.20bln euro.
 
At the end of April, the central bank’s foreign currency reserve stood at 25.341bln euro, up 184 million euro from the previous month. The advance of 184 million euro registered in April 2008 was the result of inflows worth 740.98 million euro – standing for the change in the minimum foreign currency reserves established by credit institutions, the feed to the account of the Ministry of Economy and Finance and to the European Commission’s account and others.
 
According to BNR, the outflows of 556.98 million euro represented payments of installments and interests due for the foreign direct public debt secured by the Ministry of Economy and Finance, payments to the European Commission, the change in the minimum foreign currency reserves set up by credit institutions and others.
 
Payments due in May 2008 on account of the foreign direct public debt or of the debt secured by the Ministry of Economy and Finance total 107.9 million euro.
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