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Romania central bank’s April FX reserves up 40.50 billion euros
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(Reuters) – The Romanian central bank’s foreign exchange reserves, excluding 103.6 tonnes of gold, rose by 358 million euros ($376.65 million) to 40.50 billion euros at the end of April, the bank said on Monday.
(Reuters) – The Romanian central bank’s foreign exchange reserves, excluding 103.6 tonnes of gold, rose by 358 million euros ($376.65 million) to 40.50 billion euros at the end of April, the bank said on Monday.
Inflows were 3.56 billion euros and included changes in credit institutions’ foreign currency-denominated required reserves and inflows into the finance ministry’s accounts.
Outflows were 3.20 billion euros and included changes in credit institutions’ foreign currency-denominated required reserves and interest payments on foreign currency public debt.
The central bank said payments to service external public and publicly guaranteed foreign currency debt amounted to 213 million euros in May.
($1 = 0.9505 euros)
(Reporting by Mateusz Rabiega and Adrianna Ebert in Gdansk)
A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It oversees the banking system and implements monetary policy.
Foreign exchange reserves are assets held by a central bank in foreign currencies, used to back liabilities and influence monetary policy.
Monetary policy refers to the actions taken by a central bank to control the money supply and interest rates to achieve macroeconomic goals.
Inflows in finance refer to the movement of money into an account or investment, indicating an increase in capital or revenue.
Outflows in finance refer to the movement of money out of an account or investment, indicating a decrease in capital or expenses.
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