International reserves at Hungaryʼs MNB lower in July
The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 23.944 billion at the end of July, down EUR 117.4 million from the end of the previous month, preliminary data released today shows.
In July, currency reserves (which include currency, deposits and securities), were at EUR 23.210 bln, down EUR 157.1 mln from the previous month; other reserve assets (containing financial derivatives, receivables on active repo transactions and loans to non-bank non-residents), increased EUR 45.9 mln to EUR 266 mln.
Monetary gold reserves stood at EUR 103 mln, down EUR 3.4 mln from the previous month. Reserve positions at the International Monetary Fund were down EUR 2.8 mln at EUR 358 mln and the value of SDRs – or special drawing rights – at the IMF was unchanged at EUR 7 mln.
The reserves were up EUR 575 mln from the end of 2017.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Bulgaria's Household Income, Spending Rise 20% in 2023
Baranya County Police Bust Phishing Gang
Spago Budapest Offering Unique Sunday Brunch Experience
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.
