MNB int'l reserves fall EUR 1.718 bln in April

MNB

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International reserves of the National Bank of Hungary (MNB) fell by EUR 1.718 bln from the previous month to EUR 30.287 bln in April, state news wire MTI reports, citing data released by the central bank on Friday.

Cash, deposits, and securities came to EUR 25.422 bln, down EUR 1.804 bln from a month earlier, and gold reserves stood at EUR 4.445 bln. 

There were no big FX bond expiries during the month.

In March, the international reserves fell by EUR 1.176 bln. The Government Debt Management Agency (ÁKK) noted an FX debt repayment during the month. The makeup of the reserves also changed in March as MNB tripled its gold reserves: monetary gold rose by EUR 2.889 bln to EUR 4.361 bln, while cash, deposits and securities fell EUR 3.979 bln to EUR 27.226 bln.

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