Romania’s International Reserves Drop 4% in March 2022

As of March 31, 2022, the foreign exchange reserves at the National Bank of Romania amounted to 40,143 million euros, compared to 41,877 million euros on February 28, 2022, according to a press release by the National Bank of Romania.

The following operations took place during the month:

• Revenues of 2,915 million euros, 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; replenishment of the European Commission’s account and others.
• Outflows of 4,649 million euros, representing: the modification of the minimum foreign exchange reserves constituted by the credit institutions at the NBR; payments of instalments 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 5,772 million euros.

Romania’s international reserves (currencies plus gold) on March 31, 2022, were 45,915 million euros, compared to 47,548 million euros on February 28, 2022.

Payments due in April 2022 on account of public debt denominated in foreign currency, direct or guaranteed by the Ministry of Finance amount to about 365 million euros.