Romania's foreign exchange reserves were up some EUR 388 million end of January compared to the end of 2013, the Romanian Central Bank BNR has announced. End – January, the stock exchange reserves were of EUR 32.9 billion.

The BNR saw EUR 3.594 billion of inflows in January, including inflows into the European Commission’s account, inflows into the Ministry of Public Finances’ accounts including the amount resulted from the issuance of bonds both on the domestic and foreign markets. Outflows of EUR 3.2 billion covered lowering of the foreign exchange reserve requirements rate of the credit institutions, interest and principal payments on foreign currency public debt.

Meanwhile, Romania kept its stock of gold unchanged, at 103.7 tonnes, and its value was at EUR 3 billion.

Together with the foreign exchange reserves and the gold, the country had EUR 35.9 billion in international reserves, up from USD 35.4 billion end of 2013.

For the month of February, Romania is due to pay some EUR 1.1 billion on public and publicly guaranteed foreign currency denominated debt.

editor@romania-insider.com