MNB Int'l Reserves Fall EUR 1.856 bln in October

MNB

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International reserves of the National Bank of Hungary (MNB) stood at EUR 36.884 bln at the end of October, down EUR 1.856bn from a month earlier, data released by the central bank on Tuesday show.

In an explanatory note, MNB said the decline was almost exclusively due to the repayment of repo liabilities, based on international framework contracts, financing foreign exchange swap tenders providing euro liquidity at the end of September.

The stock of cash, deposits, and securities in the reserves fell EUR 1.741 bln to EUR 29.023 bln during the month.

The value of monetary gold in the reserves edged down EUR 121 mln to EUR 5.045 bln.

MNB's international reserves were EUR 1.493 bln under their level at the end of 2021.

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