MNB’s international reserves up €1.028 bln in November
Photo by Jessica Fejos
International reserves of the National Bank of Hungary (MNB) saw a month-on-month rise of €1.028 billion, reaching €33.140 bln by the end of November, preliminary data released by the central bank show, according to Hungarian news agency MTI.
(Photo: Jessica Fejos)
However, as compared to the end of last year, the reserves were down €1.438 bln, data by MNB suggest.
Foreign currency reserves were up €505 million in November as compared to the previous month, while other reserves were up by a month-on-month €525 million in November, MNB reportedly said. Monetary gold reserves stood at €99 mln, reserve positions at the International Monetary Fund at €96 mln and the value of SDRs at the IMF at €16 mln, MTI reported.
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.