Romania’s foreign exchange reserves are growing

By Emea Riga
At the end of December 2021, foreign exchange reserves at the National Bank of Romania stood at 40.475 billion euros, up 3.03% from 39.283 billion euros on November 30, according to the NBR.
During the month, inflows of 5.023 billion euros took place, representing the modification of the minimum foreign exchange reserves constituted by credit institutions at the NBR, replenishment of the accounts of the Ministry of Finance (including the first tranche granted by the European Commission in the National Recovery and Resilience Plan -PNRR- 1.851 billion euros), replenishment of the European Commission’s account and others.
There were also outflows of 3.831 billion euros, representing a change in the minimum foreign exchange reserves set up by credit institutions with the NBR, payments of installments and interest on account of public debt denominated in foreign currency and others.
The level of the gold reserve remained at 103.6 tons. Given the evolution of international prices, its value stood at 5.356 billion euros.
Romania’s international reserves (currencies plus gold) as of December 31, 2021 were 45.831 billion euros, compared to 44.588 billion euros as of November 30, 2021.
Payments due in January 2022 on account of public debt denominated in foreign currency, direct or guaranteed by the Ministry of Finance, amount to about 152 million euros, the NBR points out.