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Hungary international reserves rise €201 mln in February

Hungary's international reserves stood at €33.816 billion at the end of February 2011, up €201 million from a month earlier, preliminary National Bank of Hungary (MNB) figures published on Monday show.

The reserves rose €142 million from the end of December and were up €912 million from the end of February 2010.

The February rise came after a slight drop in January and a combined €316 million increase in the previous two months. In euro terms, the central bank international reserves reached an all-time high at €35.272 billion at the end of August 2010 before dropping more than €1.9 billion by the end of October, partly due to the redemption of a €1 billion foreign bond in September.

In dollar terms, Hungary's international reserves rose $873 million in February to $46.737 billion at the end of last month. Dollar-term reserves at the end of February were €1.749 billion higher than at the end of 2010 and were up $2.003 billion in one year.