MNB Int'l Reserves Rise EUR 579 mln in November

MNB

Photo by Andocs / Shutterstock.com

International reserves of the National Bank of Hungary (MNB) stood at EUR 40.899 billion at the end of November, up EUR 579 mln from a month earlier, data released by the central bank on Thursday show.

The stock of cash, deposits, and securities in the reserves fell EUR 247 mln to EUR 27.667 bln, while the stock of "other reserve instruments" climbed EUR 880 mln to EUR 4.946 bln.

Hungary sold USD 500 mln of bonds on international markets in a tap issue in November.

The value of monetary gold in the reserves stood at EUR 5.673 bln and stock of IMF SDRs reached EUR 2.245 bln at the end of November.

The reserves were EUR 2.191 bln over their level at the end of 2022.

ADVERTISEMENT

Insurers' Premiums Revenue Climbs 5% in 2023 Figures

Insurers' Premiums Revenue Climbs 5% in 2023

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

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.