BNR Exchange Rates
22.05.2012- 1 EUR
4.4452 RON - 1 USD 3.4817 RON
- 1 CHF 3.7012 RON
- 1 GBP
5.4947 RON - 1 gr. aur176.3513 RON
Mugur Isarescu: Foreign exchange reserve, element of credibilityUpdated: 16-07-2010 | Financial and Banking
Governor of the National Bank Mugur Isarescu on Thursday mentioned again the role of the country's foreign exchange reserve as an element of credibility on foreign markets.
Isarescu said once more that in the 90s the National Bank had problems with the level of its international reserve, but after 2000 this reserve increased tremendously.
There were also time spans when things were flat and this is not bad as regards the evolution of the reserve of the National Bank of Romania (BNR), said the Governor.
"One of the goals I myself aim at is to show that the perception according to which the international reserve must grow incessantly is not correct. The growth of the gold reserve, for instance, stopped at 103 tonnes in the past ten years," said the Governor. He added that Romania's international foreign exchange reserve had "a structure that is stable enough, which is also given by the structure of the foreign trade."
Latest News:
- COSMOTE Romania further reduces the roaming tariffs within the member states of the European Union with up to 186%, starting July 1st, 2012.
- Germanos introduces in its portfolio the Navon GPS brand, with the fastest navigation system, iGo8
- Millennium Bank increases uncollateralized cash loans maximum amount
- Customers Benefit from Satisfaction Guarantee with All Consumer Banking Products from Citibank
- Call for Entries for Deloitte Central Europe Technology Fast 50 2012
- Millennium Bank offers term deposits with monthly interest payment
- Deloitte European Salary Survey: Sweden, Belgium and the Netherlands, at the top of the pyramid of the tax systems
- Citibank Romania Announces New Partnerships Extending its ATM and Repayment Network by 500 Locations Countrywide
- NBR delivers a silver coin dedicated to Sergiu Celibidache – 100 years since his birth.
- MILLENNIUM BCP NAMED BEST BANK IN PORTUGAL FOR SECOND STRAIGHT YEAR BY EMEA FINANCE
- PwC Romania awarded by the Babes-Bolyai University
- COSMOTE Romania launches a new advertising campaign promoting its Business Portfolio
- On April, National Bank of Romania's foreign exchange reserves stood at EUR 34,336 million
- BCR achieves solid quarterly operating result despite economic slowdown
- The National Bank keeps unchanged the monetary rate
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
