Hungarian CenBank foreign assets fall in July
Net foreign assets of Hungary's Central Bank (MNB) fell Ft 173.0 billion to Ft 3,755.3 billion in July, MNB reported.
Gross foreign assets of the central bank stood at Ft 4,173.1 billion at the end of July, down Ft 116.9 billion from the end of June. Exchange rate revaluation caused Ft 87.7 billion of the fall, and transactions resulted in a further Ft 29.2 billion of the decrease. Gross foreign central bank assets were down Ft 186.1 billion from the end of 2007 and fell Ft 220.1 billion in twelve months.
Total external liabilities rose Ft 56.1 billion to Ft 417.8 billion as transactions raised their value by Ft 62.7 billion and exchange rate changes reduced it by Ft 6.6 billion. Gross foreign liabilities stood just Ft 528 million down from the end of 2008 but fell Ft 99.2 billion in twelve months. (MTI – Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.