MNB international reserves drop in February

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International reserves of the Hungarian central bank were at €36.427 bln at the end of February, decreasing by €1.803 bln from January, data published today by the National Bank of Hungary (MNB) reveals.

MNB’s report says the reserves fell after rising a marked €36.52 bln in January, which Hungarian news agency MTI termed as the biggest increase since Hungary reached a credit agreement with the International Monetary Fund at the height of the global financial crisis in 2008.

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