Hungary international reserves fall €1.89bn in Oct
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.
ADVERTISEMENT
OECD Forecasts Flat GDP for Hungary in 2023
Parl't Approves Amendments to Legislation on Judiciary
Dana to Invest HUF 36 bln in Capacity Expansion in Hungary
Ibis Styles Budapest Airport Hotel Wins Best of Budapest & H...
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.
