Central Bank forex reserves end 2013 on rise up to 32.5 bln euros

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The National Bank of Romania's (BNR) forex reserves were up by 111 million euros in Dec. to 32.5 billion euros from 32.4 billion euros at end-Nov., the Central Bank said in a release to AGERPRES.

The BNR forex reserves grew by 1.3 billion euros over 2013, from 31.6 billion euros at end-Dec. 2012 to 32.5 billion euros at end-2013.

Nearly 1.4 billion euros was put into the Central Bank reserve in the above-mentioned period from the modification of the minimum forex reserves set up by the crediting institutions, the European Commission account money, money into the Public Finances Ministry account and others.

Also in Dec., 1.28 billion euros left the BNR reserve, namely the modification of the minimum forex reserves set up by the crediting institutions, the payment of instalments and interests to the forex-term public debt account and others.

"The payment of instalments and interests to the forex-term public debt account includes the repayment of capital from the International Monetary Fund loan (for which the BNR has repaid around 228 million euro equivalent and the Public Finances Ministry repaid roughly 120 million euro equivalent)", the release said.

The National Bank's gold reserve kept unchanged at 103.7 tons. Given the developments in the international prices, its value stood at 2.9 billion euros.

Thus, the Romanian international reserves (foreign exchange plus gold) totalled 35.43 billion euros on Dec. 31, 2013 down from 35.46 billion euros on Nov. 30, 2013. AGERPRES

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