Romania's international reserves go up by over EUR 170 mln in March

Romania’s central bank (BNR) foreign exchange reserves climbed by EUR 39 million in March to reach just over EUR 32.2 billion at the end of the month. The total international reserves (gold and foreign currency) rose by EUR 171 million to nearly EUR 36.4 billion. Meanwhile, the gold stock held steady at 103.7 tonnes but following the change in the gold price, its value amounted to a little under EUR 4.2 billion.

During March, there were EUR 864 million inflows, due to inflows into the Ministry of Public Finance’s accounts and into the European Commission’s account. Outflows reached EUR 825 million, accounted for by interest and principal payments on foreign currency public debt. These included around a EUR 249 million payment of the fifth principal installment and interest on Romania’s loan from the International Monetary Fund (IMF). During April this year, payments of EUR 186.67 million are due on public and publicly guaranteed foreign currency denominated debt, according to BNR. editor@romania-insider.com