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Romanian convertible currency reserves decrease by 90MN

de Radu Rizea
Marţi, 2 decembrie 2008, 15:52 English | Business

The convertible currencies reserves at the Romanian Central Bank decreased by 90 million Euros at the end of November, down to 27.22 billion Euros. The decrease comes from the input/ output ratio, which was 1.61 BN / 1.7 BN , officials say.

The input was generated by the modifications in the minimum reserves rule for commercial banks, interbank operations and international reserves management, while the output consisted in payments for the European Commission, rates and interest payments, as well as payments in the state-granted public debt account.

The gold reserves remained at 103.7 tons, representing 2.11 billion Euros.

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