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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Romania’s foreign currency reserves rise 8% in May

Posted on 02 June 2009

From Curierulnational.ro: The foreign currency reserves at the National Bank of Romania (BNR) increased by 1.966 billion euros in May, from 24.886 billion to 26.852 billion euros, in the context of the entry of the first instalment of the agreement with the IMF, in amount of 4.37 billion special drawing rights (4.8 billion euros).
During the month, there were registered inflows of 6.288 billion, representing the first tranche of the stand-by agreement with the IMF (4.37 billion special drawing rights), the modification of the minimum mandatory foreign-exchange reserve requirements of credit institutions, inflows in the European Commission’s account, income from managinng international reserves, operations on the interbank market and others, reads a BNR release………Full Article: Source


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