The foreign currency reserves held at Romania’s central bank decreased by EUR 2.15bn in November on the back of an Eurobond service combined with the repayment of the country’s debt to the IMF, the monetary authority announced.
At the end of the month, the forex reserves in the central bank’s vaults were EUR 32.4bn – still EUR 1.25bn up on the year.
The central bank paid EUR 814mn to the IMF on own behalf and EUR 165mn on the behalf of the government. In addition, the monetary authority serviced the euro denominated bond issued by the ministry of finance that matured on Nov 29, 2013, plus interest, totalling EUR 1,379mn. Overall, the external debt service in the month for the two items [the Eurobond and the IMF loans] was EUR 2.35bn.
In December 2013, the payments due on public and publicly guaranteed foreign currency denominated debt amount to approximately EUR 479mn.
The gold stock remained unchanged at 103.7 tonnes, worth EUR 3,052mn at the end of November.
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