Romania’s foreign exchange reserves are declining. The central bank did not buy a kilogram of gold, although all states in the region have strengthened their reserves

By rbj
At the end of February 2022, the foreign exchange reserves at the National Bank of Romania stood at 41.877 billion euros, down 2.85% from the 43.106 billion euros recorded in the previous month, informs the NBR.
In February 2022, inflows of 3.228 billion euros took place, representing: the modification of the minimum foreign exchange reserves constituted by the credit institutions at the NBR; replenishment of the accounts of the Ministry of Finance (including the amounts resulting from the issuance of Eurobonds of the Ministry of Finance in a total nominal value of 2,500 billion euros); replenishment of the European Commission’s account and others.
At the same time, outflows of 4.457 billion euros took place, representing: the modification of the minimum foreign exchange reserves constituted by the credit institutions at the NBR; payments of installments and interest on account of the public debt denominated in foreign currency (including the repayment of the bond issue denominated in US dollars by the Ministry of Finance in the amount of approximately 2.087 billion US dollars) and others.
The level of the gold reserve remained at 103.6 tons. Given the evolution of international prices, its value stood at 5.671 billion euros.
Romania’s international reserves (currencies plus gold) on February 28, 2022 were 47.548 billion euros, compared to 48.451 billion euros on January 31, 2022.
Payments due in March 2022 on account of public debt denominated in foreign currency, direct or guaranteed by the Ministry of Finance, amount to about 111 million euros.