MNB Int'l Reserves Rise EUR 350 mln in June
Image by posztos / Shutterstock.com
International reserves of the National Bank of Hungary (MNB) stood at EUR 39.87 bln at the end of June, up EUR 350m from a month earlier, data published by the central bank on Friday show.
The stock of cash, deposits, and securities in the reserves edged down EUR 81 million to EUR 27.622 bln, but stock of "other reserve instruments" rose EUR 703 mln to EUR 4.262 bln. There was EUR 5.331 bln of monetary gold in the reserves and EUR 2.284 bln of IMF SDRs.
The international reserves were EUR 1.161 bln over their level at the end of 2022.
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.