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BNR’s reserves have dropped by over 1.60 pc in July

By Anca Bernovici
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National Bank of Romania (BNR)’s foreign exchange reserves stood at 34,636 million on end-July, down by 1.62 percent to EUR 35,208 million month-on-month, a press release informs on Tuesday.

During last month, EUR 796 million inflows have taken place, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances’ accounts a.s.o.;

At the same time, EUR 1,368 million outflows have occurred, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt, payments from the European Commission’s account, the impact of the euro appreciation against some of the currencies held within the foreign reserves (U.S dollar, pound sterling and Japanese yen) a.s.o..

Central bank data show that gold stock remained unchanged at 103.7 tones. However, following the change in the international price of gold, its value amounted to EUR 3,602 million.

The international reserves of Romania (foreign currencies and gold) on July 31st, 2017 stood at EUR 38,238 million, compared to EUR 38,842 million on June 30th, 2017.

During August 2017, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 192 million.

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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