Hungary international reserves fall €1.89bn in Oct

MNB

Hungary’s international reserves stood at €36.874bn at the end of October, down €1.89bn from a month earlier when they reached a historic peak, preliminary data published by the National Bank of Hungary (MNB) show.

International reserves were up €3.2bn from the end of 2010 and €3.52bn more than twelve months earlier.

The data show €34.42bn in foreign currency reserves at the end of October and €1.58bn in "other reserve assets".

In dollars, the international reserves stood at $52.28bn at the end of October, down from $52.509bn one month earlier but up from $44.99bn twelve months earlier.

A €1bn eurobond issued by Hungary matured on October 28. The country will make a HUF 2bn repayment of its IMF-EU loan in November. Hungary took the loan late in 2008, at the height of the global financial crisis.

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