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BNR Board objectives: euro currency adoption, Banking Union accession

Romania’s foreign exchange reserves, down by 3.41 pc in April

National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 33,539 million in April, compared to EUR 34,726 million on March, a press release informs.

During the month, EUR 589 million worth of inflows representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Public Finance’s accounts, inflows into the European Commission’s account and other were recorded.

At the same time, EUR 1,776 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 have occured.

Interest payments and principal repayments on foreign currency public debt amounted to approximately EUR 1,416 million, of which principal repayments and interest payments on the European Commission’s loan granted to the Ministry of Public Finance in 2009 came in at EUR 1,239 million.

Central bank announced that the gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 3,626 million.

On end-April, Romania’s international reserves (foreign currencies and gold) stood at EUR 37,165 million, compared to EUR 38,309 million on 31 March 2018.

During May 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to approximately EUR 157 million.

 

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