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Hungary international reserves rise in September

Hungary's international reserves stood at €30.603 billion at the end of September, up €250 million from a month earlier, after a rise of €943 million in August, preliminary National Bank of Hungary (MNB) figures published on Wednesday show.

Just as in August, a global SDR allocation by the International Monetary Fund to member countries under a July decision was the main factor behind the September rise. The general allocation of SDRs in August raised Hungary's international reserves by the equivalent of €848 million that month, and the IMF transferred an additional SDR 221 million (€240 million) to Hungary on September 9 as part of the special SDR allocation, also decided by the IMF in July. SDRs in the reserves increased by €226 million from the end of August to €1.074 billion.

Total reserves at the end of September were up €6.463 billion from the end of last year and rose €13.194 billion from a year earlier.

In dollar terms, Hungary's international reserves stood at $44.774 billion at the end of September, up $10.9 billion from the end of last year and up $19.747 billion from the end of September 2008. (MTI-ECONEWS)