MNB Int'l Reserves Rise EUR 91 mln in March

MNB

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International reserves of the National Bank of Hungary (MNB) stood at EUR 39.762 billion at the end of March, up EUR 91 million from a month earlier, data published by the central bank on Tuesday show, according to a report by state news wire MTI.

The stock of cash, deposits, and securities in the reserves rose EUR 626 mln to EUR 30.751 bln. The stock of "other reserve instruments" fell EUR 834 mln to EUR 829 mln. The value of monetary gold rose EUR 325 mln to EUR 5.511 bln. The value of IMF SDRs stood at EUR 2.299 bln.

The Government Debt Management Agency (ÁKK) sold USD 450 mln of bonds in a tap issue in March. The securities, maturing in 2028 and 2023, were originally offered in January.

The international reserves were EUR 1.054 bln over their level at the end of 2022.

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