Romania’s foreign exchange reserves administered by the National Bank of Romania, increased in March by €2.297 billion (7.7%) from a month earlier, to a all-time high of €32.036 billion. The increase was triggered by the disbursement of the tranche by the European Commission under the aid deal and the Eurobonds issue.
In March, inflows to the central bank’s reserves totaled €2.997 billion, representing changes in the Ministry of Public Finances’ accounts, changes in the foreign exchange requirements of the credit institutions, and income from the management of foreign exchange reserves.
Outflows totaled €700 million, representing changes in the foreign exchange reserve requirements of the credit institutions, payments from the European Commission’s account, interest and principal payments on public and publicly guaranteed external debt.
The international reserves of Romania, namely foreign currencies and gold, stood at €34.784 million , versus €32.465 million in February.
During the month of April 2010, the payments due on public and publicly guaranteed external debt amount to EUR 113 million.
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