Romania’s international reserves down 1.22 pct in July

On July 31, 2010 Romania’s international reserves – foreign exchange plus gold stocks – stood at 34.571 billion euros, down by 1.22 percent against the data made public at the end of the previous month, when they reached 34.999 billion euros, the National Bank of Romania (BNR) announced on Monday.

Foreign exchange reserves in the BNR accounts amounted to 31.580 billion euros end-July against 31.627 billion euros in June, down by 0.14 percent, according to the same source. Total inflows amounted to 3.054 billion euros, comprising the fifth tranche of the stand-by agreement, inflows in the Ministry of Public Finances accounts, changes in the minimum foreign exchange reserves set up by the credit institutions, inflows in the account of the European Commission, income from the management of foreign exchange reserves and other.

Furthermore, the total outflows amounted to 3.101 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. Given the evolution of the international prices of gold, its value amounted to 2.991 billion tons. Due payments in April 2010 to the account of the direct and Ministry of Finance-guaranteed public external debt amounted to 177 million euros.

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