Romania's central bank foreign exchange reserves increase in January

Romania's Central Bank's (BNR) foreign exchange reserves have risen from EUR 31.2 billion at the end of 2012 to EUR 31.5 billion on January 31 this year. During January, BNR registered just under EUR 2 billion inflows. This was due in part to changes in the foreign exchange reserve requirements of credit institutions and inflows to the Ministry of Finance and European Commission accounts, as well as income from the management of foreign exchange accounts. The just over EUR 1.7 billion outflows included interest and principal payments on foreign currency public debt. Romania's gold stock was unchanged from the end of 2012 – 103.7 tonnes. However, its value dropped slightly to some EUR 4.1 billion due to changes in gold prices. The total value of foreign exchange reserves and gold stock was EUR 35. 57 billion on January 31, slightly up from the 35.4 billion at the end of 2012. During February, EUR 862.65 million is due in payments on public and publicly guaranteed foreign currency denominated debt. editor@romania-insider.com photo source: sxc.hu