Romanian c. bank FX reserves rise in April
Photo by Radu Bercan/Shutterstock.com
The foreign exchange reserves held by Romania's central bank, excluding gold, totaled EUR 38.304 billion at the end of April, compared to EUR 35.709 billion a month earlier, the central bank (BNR) said on Tuesday.
The gold reserves of the central bank remained unchanged at 103.6 tonnes. However, following the change in the international price of gold, its value amounted to EUR 4.881 billion at the end of April.
In a separate statement BNR said the stock of bank loans to the non-government sector increased by 6.6% year-on-year to RON 290.6 billion (EUR 59.3 billion) at the end of March, accelerating from a 5.3% annual growth rate in February.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.