MNB International Reserves Edge Lower in March
International reserves of the National Bank of Hungary (MNB) stood at EUR 46.373 bln at the end of March, down just EUR 29 mln from a month earlier, data released by the central bank on Monday show.
Stock of cash, deposits, and securities in the reserves rose by EUR 977 mln to EUR 31.685 bln, while stock of "other reserve instruments" fell EUR 1.529 bln to EUR 5.866 bln.
The value of monetary gold in the reserves rose by EUR 500 mln to EUR 6.197 bln and stock of IMF SDRs reached EUR 2.254 bln at the end of March.
he reserves were EUR 4.968 bln higher than at the end of 2023, boosted by FX bond issues in January.
Subsidized Credit Scheme for SMEs to Launch Tuesday
Wolfgang Puck Brings Int'l Film Industry Glamour to Budapest
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.
