On September 30, 2017, the National Bank of Romania’s foreign exchange reserves stood at EUR 33,320 million, compared to EUR 34,955 million on August 31, 2017, a release from the central bank informs.
During the month, the following flows have taken place: EUR 965 million worth of inflows in the form of 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; EUR 2,600 million worth of outflows in the form of changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other. Interest payments and principal repayments on foreign currency public debt amounted to approximately EUR 1,385 million, of which principal repayments and interest payments on the European Commission’s loan to the Ministry of Public Finance from 2009 came in at EUR 1,177 million.
The gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value equalled EUR 3,639 million.
On September 30, 2017, the international reserves of Romania (foreign currencies and gold) stood at EUR 36,959 million, compared to EUR 38,620 million on August 31, 2017.
During October 2017, the payments due on public and publicly guaranteed foreign currency -denominated debt amount to approximately EUR 263 million, BNR informs.
Analysts say the amounts were used to support the EUR-RON exchange rate. The EUR exchange rate announced on Monday by the BNR is of RON 4.5871, down from RON 4.5991 on Friday. According to analysts, the central bank is making costly efforts to keep the RON below the historical threshold of 4.6 units per EUR.