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Central banks reserve grows to 25.21 billion euros

Vineri, 2 noiembrie 2007, 0:00

The convertible currency reserve of Romania's Central Bank (BNR) reached 25.21 billion euros at the end of October, 4.1 millions more than the previous month. According to the BNR data, the growth came due to a 532.1 million entry, while exits reached only 528 million euros.

Entries came from managing the international reserve and modifying the minimum reserve level for commercial banks.

Exits consisted in payments, rates and interest deadlines for the public foreign debt guaranteed by the Economy Ministry.

Also in October, the gold reserves saw a redefinition, according to the international conditions. Thus, although the material reserve decreased from 104.7 tons to 103.7 tons, the value grew to 1.80 billion euros.

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