BNR forex reserves drop by 1.13 pct

On June 30, the National Bank of Romania’s (BNR) international forex reserves stood at 31.627 billion euros, marking a drop by 1.13 percent as compared to 31.989 billion euros in the previous month, a BNR press release informs.

According to the release, Romania’s international reserves (foreign exchange plus gold) at the end of June amounted to 34.999 billion euros, by 0.71 percent less against 35.251 billion euros on May 31, 2010. In June, the financial operations under the inflows amounted to 792 million euros, comprising inflows in the Ministry of Public Finances’ accounts, changes in the minimum foreign exchange reserves set up by the credit institutions, inflows into the European Commission account, incomes from the management of international reserves and other.

The total outflows amounted to 1.154 billion euros, representing changes in the minimum foreign exchange reserves set up by the credit institutions, installment and interest payments associated to the direct and state-guaranteed public external debt and others. The gold stock remained steady at 103.7 tons, and given the evolutions of the international prices of gold, its value amounted to 3.372 billion euros. BNR informs that due payments in July 2010 in the account of the direct or Ministry of Finance-guaranteed public external debt amount to 876 million euros.