Business & Finance

Romania central bank's FX reserves rise to 34.5bn euros in Jan

BUCHAREST: The Romanian central bank's foreign exchange reserves, excluding 103.

Published February 1, 2017 Updated February 1, 2017 12:56pm

1 min

By Shoaib Ur Rehman

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BUCHAREST: The Romanian central bank's foreign exchange reserves, excluding 103.7 tonnes of gold, rose 276 million euros on the month to 34.52 billion euros ($37.25 billion) at the end of January, it said on Wednesday.

Inflows were 775 million euros and included changes in the foreign exchange reserve requirements and inflows into the finance ministry's accounts.

Outflows totalled 499 million euros and reflected changes in the foreign exchange reserve requirements, interest and principal payments on foreign currency public debt.

The central bank said payments to service external public and publicly guaranteed foreign currency debt in February amounted to 196 million euros.

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