As a result of a EUR 3.75 billion US dollar bond issuance at the end of March, Hungary’s international reserves jumped to an all-time high EUR 35.7 billion in the third month of 2011, according to the central bank (NBH) on Thursday.
Data published by NBH are preliminary figures. Already in the second quarter, Hungary re-offered a USD 500 million batch of USD bonds, which will be reflected in the end-April international figures.
The NBH reports international reserves figures both in USD and EUR. USD numbers show USD 50.734 billion reserves for end-March, up EUR 4 billion from a month earlier. Two thirds of the growth is attributable to a rise in foreign currency reserves and the rest to an increase in other reserve assets. (see chart in the photo gallery)
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