Romania’s foreign exchange reserves (excluding gold) stood at EUR53.90 billion at the end of August 2023, compared to EUR 53.93 billion on 31 July 2023, the National Bank of Romania (BNR) data showed on Friday (September 1).
Foreign exchange inflows totaled EUR1.932 billion last month, representing: changes in credit institutions’ foreign currency-denominated required reserves with the BNR; inflows into the Ministry of Finance’s accounts; inflows into the European Commission’s account and other, the central bank said in its monthly report.
Foreign exchange outflows amounted to EUR 1.967 billion, representing changes in credit institutions’ foreign currency-denominated required reserves with the BNR; interest payments and principal repayments on foreign currency public debt (including the repayment of the Ministry of Finance’s USD-denominated bonds in amount of $1.209 billion) and other.
The gold reserve remained steady at 103.6 tonnes in August. However, following the increase in the international price of the commodity, its value rose to EUR5.907 billion a month.
In August, Romania’s international reserves (foreign currencies and gold) stood at 59.859 billion compared to 59.843 euro in July.
Foreign exchange reserves in Romania averaged 28836.44 EUR Million from 2000 until 2023, reaching an all time high of 59859.00 EUR Million in August of 2023, according to Trading Economics. Gold reserves in the country averaged 104.10 tonnes from 2000 until 2023, reaching an all time high of 105.32 tonnes in the fourth quarter of 2002 and a record low of 103.62 tonnes in the fourth quarter of 2022, according to the same source.
In September, the payments due on Romania’s foreign currency-denominated public and publicly guaranteed debt will amount to approximately 747 million euro, BNR said.