Int’l reserves up EUR 320 mln in August

MNB

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.264 billion at the end of August, up EUR 320 million from the end of the previous month, preliminary data released on Friday show, as reported by Hungarian news agency MTI. 

Reserves were up EUR 896 mln from the end of 2017, and up EUR 1.898 bln from a year earlier. There were no major sovereign FX bond issues or expiries in August.

In August, currency reserves, which include currency, deposits and securities, reached EUR 23.465 bln, up EUR 254 mln from the previous month.

Other reserve assets, which contain financial derivatives, receivables on active repo transactions, and loans to non-bank non-residents, increased EUR 67 mln to EUR 333 mln.

Monetary gold reserves dropped EUR 1 mln to EUR 102 mln, reserve positions at the International Monetary Fund (IMF) were up EUR 1 mln at EUR 360 mln, and the value of SDRs at the IMF was down EUR 2 mln at EUR 5 mln.

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