MNB intʼl reserves drop EUR 929 mln in December


The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 28.385 billion at the end of December 2019, down by EUR 929 bln from the end of the previous month, preliminary data released Wednesday show, state news wire MTI reports.

The reserves were up EUR 982 million from the end of 2018.

There were no major foreign issues or expiries in November. Transactions affecting the reserves in November included gross transfers of HUF 1.156 trillion or EUR 3.5 bln from the European Union according to the Finance Ministryʼs monthly report.

In December, currency reserves, which include currency, deposits, and securities, came to EUR 26.542 bln, down EUR 955 million from the previous month.

Other reserve assets, which contain financial derivatives, receivables on active repo transactions and loans to non-bank non-residents, slipped EUR 6 mln to EUR 97 mln.

Monetary gold reserves stood at EUR 1.376 bln, up EUR 36 mln from the previous month, while reserve positions at the International Monetary Fund edged EUR 4 mln down to EUR 369 mln.


Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.