The monthly decline of €608 million resulted from outflows of €3.9 billion exceeding inflows of €3.3 billion. Outflows included changes in credit institutions' foreign currency reserves with the central bank, interest payments and principal repayments on foreign currency public debt, and payments from the European Commission's account.
Inflows comprised changes in credit institutions' foreign currency reserves with the NBR, transfers into the Ministry of Finance's accounts, and other transactions.
Romania's gold stock remained unchanged at 103.6 tonnes, but its value increased to €12.2 billion from €12.0 billion in November and €8.4 billion a year earlier, reflecting higher international gold prices.
Total international reserves, including both foreign currencies and gold, reached €77.0 billion at year-end, compared to €77.4 billion in November and €70.5 billion in December 2024. The country faces approximately €389 million in foreign currency debt payments during January 2026.
