The National Bank of Romania announced on Tuesday that its foreign exchange reserves excluding gold, rose by €2.63 bln to €43.106 bln at the end of January, compared to the previous month, according to a press release.
„Foreign exchange inflows amounted to €5.152 bln representing changes in credit institutions’ foreign currency-denominated required reserves, inflows into the finance ministry’s accounts and inflows into the European Commission (EC) accounts,” the bank said in a monthly statement.
The inflows into the finance ministry’s accounts include net amounts of $2.1 bln from the issuance and the partial early redemption by the finance ministry of USD-denominated Eurobonds and around €1.942 bln from the pre-financing of 13% of the loan from the EC under the National Recovery and Resilience Plan.
Foreign exchange outflows totalled €2.521 bln, representing changes in credit institutions’ foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.
The gold reserves remained unchanged at 103.6 tonnes. However, following the change in the international price of gold, its value amounted to €5.345 bln at the end of January.
Romania’s international reserves including foreign currencies and gold totalled €48.451 bln as of end-January compared to €44.831 bln in the previous month.
The central bank stated that during February, the payments due on the foreign currency-denominated public and publicly guaranteed debt will amount to approximately €2.091 bln.