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BNR’s profit last year, significant decrease by 84 pc. Romanian banking system reached RON 4.2 bn

International reserves down by EUR 388m in July

On July 31, 2018, the National Bank of Romania’s foreign exchange reserves stood at EUR 31,378 million, compared to EUR 31,766 million on June 30, 2018, the National Bank of Romania (BNR) informs. This means the reserves decreased by EUR 388 million.

During the month, the following flows were recorded:

  • EUR 1,462 million worth of inflows representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts, and other;
  • EUR 1,850 million worth of outflows representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.

The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,467 million.

On 31 July 2018, Romania’s international reserves (foreign currencies and gold) stood at EUR 34,845 million, compared to EUR 35,349 million on 30 June 2018.

During August 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 188 million, the release reads.

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