MNB intʼl reserves down EUR 1.15 bln in July
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.
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