Romania's FX reserves decreased in April
Raiffeisen Capital & Investment - 3 Mai 2011
According to data released yesterday by the Central Bank (BNR), Romania's FX reserves decreased by almost EUR 700 mn to EUR 32.07 bn at end-April 2011.
Total inflows amounted to EUR 0.75 bn, while outflows stood at EUR 1.45 bn, driven mainly by the cut of the mandatory reserves requirement for FX liabilities. We remind that starting with late April, commercial banks will have to keep at BNR only 20% of their short term FX liabilities compared to 25% before. The gold reserve was unchanged at 103.7 tons, the equivalent of EUR 3.4 bn.
Sursa: http://www.rciro.ro
Tags: reserves
april
bnr
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