MNB Int'l Reserves Fall EUR 351 mln in August
Photo by Andocs / Shutterstock.com
International reserves of the National Bank of Hungary (MNB) stood at EUR 39.613 billion at the end of August, down EUR 351 million from a month earlier, state news wire MTI reports, citing data published by the central bank on Thursday.
The stock of cash, deposits, and securities in the reserves fell EUR 901 mln to EUR 28.106 bln, while stock of "other reserve instruments" rose EUR 509 mln to EUR 3.454 bln.
There was EUR 5.431 bln of monetary gold in the reserves and EUR 2.254 bln of IMF SDRs.
The international reserves were EUR 904 mln over their level at the end of 2022.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
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.
