MNB int'l reserves fall EUR 253 mln in May

MNB

Photo by Adriana Iacob/Shutterstock.com

International reserves of the National Bank of Hungary (MNB) stood at EUR 34.059 billion at the end of May, EUR 253 mln lower than a month earlier, state news wire MTI reports, citing data released by the central bank on Wednesday.

Stock of cash, deposits and securities in the reserves rose EUR 81 mln to EUR 26.092 bln. The value of monetary gold in the reserves dropped EUR 255 mln to EUR 5.247 bln.

MNB's international reserves were EUR 4.318 bln under their level at the end of 2021.

ADVERTISEMENT

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.