Romania's international reserves grow to EUR 36.7 billion in August

Romania's international reserves, made of foreign currencies and gold stood at EUR 36.7 billion at the end of August, compared to EUR 36.4 billion at the end of July, according to the Romanian Central Bank (BNR). The foreign exchange reserves held by BNR stood at EUR 32.5 billion at the end of August, compared to EUR 32.6 billion on July 31st 2011.

BNR saw EUR 1.1 billion in inflows during August, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts, income from the management of foreign exchange reserves. Outflows reached EUR 1.2 billion outflows, representing changes in the foreign exchange reserve requirements of the credit institutions, interest and principal payments on foreign currency public debt. The BNR gold stock has held steady at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to EUR 4.2 billion. Payments due on public and publicly guaranteed foreign currency denominated debt will amount to EUR 100.4 million in September, according to BNR. editor@romania-insider.com (photo source: Photoxpress)