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Romania's forex reserves down 1 pct to EUR 34.7 bln in March

The foreign exchange reserves of the National Bank of Romania (BNR) stood at EUR 34.726 billion in March, down 1 percent compared to the previous month, according to a BNR press release.

The central bank said that during the month EUR 485 million worth of inflows were recorded, representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the Ministry of Finance’s accounts, inflows into the European Commission’s account and other.

The outflows reached EUR 832 million, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.

The gold stock remained unchanged at 103.7 tonnes, but its value declined slightly to EUR 3.58 billon, according to the BNR.

During April 2018, the payments due on the foreign currency-denominated public and publicly guaranteed debt amount to EUR 1,4 billion.

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