MNB int’l reserves down EUR 648 mln in May
International reserves of the National Bank of Hungary (MNB) stood at EUR 23.729 billion at the end of May, down EUR 648 million from the end of the previous month, preliminary data released today shows, according to Hungarian news agency MTI. The reserves were down EUR 655 mln from the end of 2016.
In May, currency reserves, which include currency, deposits and securities, were down EUR 632.6 mln from the previous month, while other reserve assets, which include financial derivatives, receivables on active repo transactions and loans to non-bank non-residents, decreased by EUR 5.1 mln.
Monetary gold reserves stood at EUR 112 mln, down EUR 3 mln from the previous month; reserve positions at the International Monetary Fund were down EUR 6.1 mln at EUR 370 mln, while the value of SDRs at the IMF stood at EUR 13 mln after edging down EUR 1.1 mln.
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.