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Romania’s Sept Forex Reserves Up EUR596M, At EUR28.34B

Romanian foreign exchange reserves rose EUR596 million in September to a fresh all-time high of EUR28.339 billion, boosted by the second tranche of the International Monetary Fund loan, the central bank said in a statement Tuesday.
Romania’s Sept Forex Reserves Up EUR596M, At EUR28.34B
01 oct. 2009, 14:30, English

End-August, hard currency reserves were of EUR27.743 billion.

The central bank said foreign exchange inflows stood at EUR2.577 billion in September. The IMF has released during the month the second installment, worth EUR1.85 billion, of the EUR13 billion stand-by loan agreed in spring.

Outflows from reserves totaled EUR1.981 billion in September.

In addition to its foreign exchange reserves, the central bank reported holdings of 103.7 metric tons of gold with a total market value of EUR2.276 billion.

Therefore, Romania’s overall international reserves amounted to EUR30.6 billion at the end of September, from EUR29.95 billion end-August.

Total payments due on public and publicly guaranteed external debt in October amount to EUR87 million, according to the central bank.