Romania’s forex reserves dragged down by public debt service
The foreign exchange reserves held by Romania's National Bank (BNR) stood at EUR 35.77 billion, EUR 481 mln less than one month earlier.
Romania Insider · Journalist
· Updated · 1 min read
The foreign exchange reserves held by Romania's National Bank (BNR) stood at EUR 35.77 billion, EUR 481 mln less than one month earlier.
The outflows accounted for EUR 1.8 bln, representing changes in the credit institutions' foreign currency-denominated required reserves, interest payments, principal repayments on foreign currency public debt, and others.
The inflows amounted to EUR 1.36 bln representing changes in the credit institutions' foreign currency-denominated required reserves, inflows into the Finance Ministry's accounts, inflows into the European Commission's account, and others.
On August 31, 2020, Romania's international reserves (foreign currencies and gold) stood at EUR 41.27 bln.
In September, the service of public and publicly guaranteed forex denominated public debt amounts to approximately EUR 2.17 bln, which will again push down the forex reserves.
(Photo source: Lcva/Dreamstime.com)
