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Romania's gold and foreign currency reserve up to €27.2 bln

Publicat la 04.05.2008, 11:06:00

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Romania's gold and foreign currency reserve up to €27.2 bln
Last month's advance comes after two consecutive months - February and March - when the reserves dropped from a maximum value of €27.62 billion reached in January.

By the end of March, BNR's foreign currency and gold reserves were worth €27.13 billion.

The €184 mln increase in foreign currency reserves was the result of capital inflow worth €740.98, representing "the modification of minimum foreign currency reserves made by credit institutions, supplying the Ministry of Economy and Finances account and European Commission's account," the release states.

Some €556.98 in exits mln were "installments and interest payments due in direct external public debt and guaranteed by the Ministry of Economy and Finances, payments to the European Commission, changes in the minimum foreign currency reserves made by credit institutions and others", the release added.

By the end of April, foreign currency reserves at BNR were worth €25.341 bln.

Gold reserves maintained their quantity at 103.7 tons, but decreased in value at €1.86 bln, due to international prices evolution.

Payments due in May to direct external public debt and guaranteed by the Ministry of Economy and Finances are worth €107.9 mln.

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