Romania: Romania's foreign currency reserves grow to 32.46 bln euros

March 1, 2010

Romania's foreign currency reserves grow to 32.46 bln euros
Mar 1, 2010

Romania's foreign currency reserves grow to 32.46 bln euros.
Bucharest, March 1 /Agerpres/ - Romania's foreign currency reserves grew to 32.46 billion euros on Feb. 28, compared to 30.62 billion euros on Jan. 31, 2010, following the transfer of tranches three and four by the International Monetary Fund (IMF) into Romania's National Bank (BNR) account.

On Feb. 28, 2010 BNR foreign currency reserves stood at 29.73 billion euros from 28.03 billion euros on Jan. 31, 2010.

'Inflows totalled 3.002 billion euros, representing the third and fourth tranches afferent to the Stand-By Agreement, the modification of the banks' minimum mandatory foreign currency reserves, transfers into the accounts of Romania's Ministry of Public Finance, revenues from administering international reserves and others. Outflows of 1.30 billion euros were generated by the change of the minimum foreign currency reserves mandatory for the credit institutions, installments and interest payments for the public debt, but also payments from the account of the European Commission, etc.', BNR informs in a release remitted AGERPRES on Monday.

The gold reserve idled at 103.7 tons, but the evolution of international prices increased its value to 2.72 billion euros.

Romania's international reserves - foreign currency and gold - stood on Feb. 28, 2010 at 32.465 billion euros from 30.623 billion euros on Jan. 31, 2010.

Due payments in March 2010 on the account of the foreign public debt, direct or guaranteed by MFP, amount at 80 million euros. AGERPRES
[Read the article in ]

SEE ALSO IN ROMANIAN NEWSPAPERS

Rompetrol Bulgaria Head Arrested in Brawl with Security Guards Of Bulgarian Parliament Speaker One of the two Romanian nationals arrested Saturday for assaulting the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, is the CEO of Rompetrol Bulgaria, according to information from the Bulgarian National Radio, quoted by (...)

Two Romanians Arrested In Brawl With Security Guards Of Bulgarian Parliament Speaker Two Romanian nationals were arrested in Veliko Tarnovo, Bulgaria, after getting in conflict with the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, Novinite.com. informed.

Nearly 135,000 Tourists Spend Weekend On Romanian Black Sea Coast Nearly 135,000 tourists are spending their weekend in resorts on the Romanian Black Sea shore.

Romanian Govt Postpones Implementation Of Electronic Road Toll System Until Oct 1 Romania’s Government has postponed the implementation of the country’s electronic road toll system until October 1, because of numerous challenges against the auction selecting the company that will develop the system.

Members of a human trafficking network in temporary arrest for introducing 180 minors in Great Britain to steal and beg Romanian prosecutors sent to court 26 members of a crime network and temporary arrested 18 of them accused of introducing 181 minors in Great Britain to steal and beg, a press release of the institution reads. The British daily Daily Mail notes on Friday that 200 Rroma children were brought (...)

Romanian Fin Min: New Forecasts Show 1.7%-1.9% GDP Contraction In 2010 Romanian Finance Minister Sebastian Vladescu on Friday said new estimations indicate an economic contraction of 1.7%-1.9% in 2010, compared with a previous forecast pointing to a stagnation or a minor decrease.

Romania's 2009 insurance market: net loss for insurers decreased by 5.6 times The net loss of the insurance market in 2009, calculated as the difference between losses and profits, registered by insurance companies, decreased by almost six times compared to 2008 at 102.3 million lei. Seven companies registered profit, the annual report of the committee supervising the (...)