The Romanian National Bank’s foreign exchange reserves dropped by almost EUR 1 billion in July, to EUR 29.15 billion, because of the Finance Ministry’s reimbursements of foreign currency bonds, which matured on July 29, 2015.

The Central Bank (BNR) recorded inflows of EUR 763 million and outflows of EUR 1.72 billion in July. BNR repaid EUR 243 million worth of loans to the International Monetary Fund.

The gold reserve stood at 103.7 tons, despite the evolution of international prices. Its value amounted to EUR 3.29 billion.

Romania’s forex reserves up in December but lower than a year ago

editor@romania-insider.com