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Romania’s foreign exchange reserves, up by more than 8 pc in October. Gold stock value, close to EUR 3,5 M

By Anca Bernovici
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At end-October, National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 31,649 million, compared to EUR 29,138 million on the previous month, a jump of 8.61 percent, a press release informs on Monday.

During last month, EUR 2,864 million inflows took place, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the Ministry of Public Finances (MFP)’ accounts (including the amount resulted from MFP issuance of eurobonds with a nominal value of EUR 2,000 million), inflows into the European Commission’s account (EUR 509 million) a.s.o.

Also, EUR 353 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 a.s.o. Regarding the interest and principal payments on the foreign currency public debt, it includes the principal installments on Romania’s loan from the International Monetary Fund (MF), with the central bank’s payments totalizing approximately EUR 120 million equivalent.

The gold stock remained unchanged at 103.7 tones. However, following the change in the international price of gold, its value amounted to EUR 3,479 million, central bank notes.

The international reserves of Romania (foreign currencies and gold) on end-October stood at EUR 35,128 million, compared to EUR 32,475 million on end-September.

During the month of November 2015, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 165 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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