In March, the European Commission unlocked the €1 billion loan tranche under the aid deal with Romania. Still in March, Romania issued €1billion bonds with five-year maturity at a coupon rate of 5%.

In February, Romania’s currency reserves had increased to €29.7 billion, after two successive months of decline.

In April, the inflows representing changes in the Ministry of Finances’ accounts, changes in the foreign exchange reserve requirements of the credit institutions and income from the management of foreign reserves totaled €1.37 billion.

The outflows representing changes in the foreign exchange reserve requirements of the credit institutions, payments from European Commission’s account, and interest and principal payments on public and publicly guaranteed external debt amounted to €1.02 billion.

Romania’s international reserves – currencies and gold – increased by 1.6% to €35.33 billion from €34.784 billion at the end of March.

The gold stock has held steady at 103.7 tonnes. However, following the change in the international price of gold, its value amounted to €2.944 billion, from €2.748 billion at the end of the trailing month.

Payments due in May 2010, on public and publicly guaranteed external debt amounted to €214 million compared to €113 million in April.