ADVERTISEMENT

MNB intʼl reserves down EUR 628 mln in July

MNB

Image by Jessica Fejos

The international reserves of the National Bank of Hungary (MNB) stood at EUR 29.565 billion at the end of July, down EUR 628 mln from the end of the previous month, state news wire MTI reports, citing preliminary data released today.

Image by Jessica Fejos

Hungary issued no FX bonds in July, but a three-year CNY 1 bln (about EUR 121 mln) bond matured on July 27, 2020.

In July, currency reserves, which include currency, deposits and securities, stood at EUR 27.485 bln, down EUR 543 mln from the previous month, and other reserve assets, which contain financial derivatives, receivables on active repo transactions and loans to non-bank non-residents, decreased EUR 161 mln to EUR 33 mln.

Monetary gold reserves stood at EUR 1.688 bln, up EUR 89 mln from the previous month, reserve positions at the International Monetary Fund were down EUR 13 mln at EUR 355 mln, and the value of SDRs at the IMF was practically unchanged at EUR 3 mln.

The international reserves were up EUR 1.18 bln from the end of last year.

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.