NBR's reserves drop 1.5% in December

Romania’s fx reserves administered by the National Bank of Romania narrowed in December by €434 million (1.5%), to €28.303 billion, from €28.737 billion a month earlier, after the softening of reserve requirements, according to data provided by the NBR. This is the first month of decline after five successive months of increase to record highs.

The central bank showed monthly inflow of €2.761 billion, representing changes in the foreign exchange reserve requirements of the credit institutions, inflows in the Ministry of Finance accounts, inflows into the European Commission account, income from the management of foreign exchange reserves.

Outflows amounted to €3.195 billion and reflect the changes in fx reserve requirements of the credit institutions, and consisted of interest and principal payments on public and publicly guaranteed external debt.

The country’s gold stock held steady at 103.7 tons, while its euro value stood at 2.556 billion due to the fluctuations in gold prices at the international markets.

Romania’s international reserves (foreign currency plus gold) on December 31, 2009 amounted to €30.859 billion, from €31.334 billion a month earlier.


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