Romania’s Central Bank foreign exchange reserves up over EUR 110 mln in December 2013

The National Bank of Romania’s foreign exchange reserves rose in December by EUR 111 million, according to the BNR data. At the end of November 2013, foreign currency reserves were some EUR 32.4 billion, while on December 31 they totaled over EUR 32.5 billion. BNR recorded inflows of almost EUR 1.4 billion during December, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account and inflows into the Ministry of Public Finances’ accounts. During the same month, the bank reported outflows of EUR 1.2 billion, according to BNR. Romania’s gold stock remained unchanged from the end of 2012, sitting at 103.7 tonnes, and its value amounted to some EUR 2.9 billion. The country’s total foreign exchange reserves and gold stock was EUR 35.43 billion at the end of December 2013, compared to EUR 35.46 billion recorded on November 30. Payments due in January 2014 on public debt amount to around EUR 257 million, according to BNR. Irina Popescu, irina.popescu@romania-insider.com