MNB intʼl reserves down EUR 1.15 bln in July

MNB

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.307 billion at the end of July, down EUR 1.154 bln from the end of the previous month, preliminary data released Monday show, as reported by state news wire MTI.

The reserves fell as Hungary repaid a EUR 1 bln sovereign bond issued ten years earlier and due on July 4, 2017.

The central bankʼs reserves were down EUR 2.077 bln from the end of 2016.

In July, currency reserves, which include currency, deposits and securities, were down EUR 1.143 bln from the previous month, while other reserve assets, which contain financial derivatives, receivables on active repo transactions and loans to non-bank non-residents, decreased by EUR 3.8 mln.

Monetary gold reserves stood at EUR 107 mln, down EUR 1.1 mln from the previous month. Reserve positions at the International Monetary Fund were down EUR 6.5 mln at EUR 358 mln, while the value of SDRs at the IMF stood at EUR 13 mln after edging down EUR 0.2 mln.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.