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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s foreign exchange reserves climb to new high in August

Romania’s foreign exchange reserves increased by EUR 2.6 bln in August 2021 compared with the previous month to a new record of EUR 41.6 bln, according to data released by Romania’s National Bank (BNR) on Wednesday, September 1.

The central bank recorded foreign exchange inflows of EUR 3.34 bln in August, of which EUR 2.1 bln come from the crediting of Romania’s SDR account following the IMF’s new general allocation.

The outflows totaled EUR 735 mln in August. The gold stock remained steady at 103.6 tons and was valued at EUR 5.1 bln at the end of August.

As a result, Romania’s international reserves, which include foreign currency and gold, reached EUR 46.73 bln, up from EUR 44.13 bln at the end of July.

(Photo: Henning Marquardt/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s foreign exchange reserves climb to new high in August

Romania’s foreign exchange reserves increased by EUR 2.6 bln in August 2021 compared with the previous month to a new record of EUR 41.6 bln, according to data released by Romania’s National Bank (BNR) on Wednesday, September 1.

The central bank recorded foreign exchange inflows of EUR 3.34 bln in August, of which EUR 2.1 bln come from the crediting of Romania’s SDR account following the IMF’s new general allocation.

The outflows totaled EUR 735 mln in August. The gold stock remained steady at 103.6 tons and was valued at EUR 5.1 bln at the end of August.

As a result, Romania’s international reserves, which include foreign currency and gold, reached EUR 46.73 bln, up from EUR 44.13 bln at the end of July.

(Photo: Henning Marquardt/ Dreamstime)

andrei@romania-insider.com

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