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The total foreign debt of Romania has increased by 9.1 billion euro over the first eight months

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The total foreign debt of Romania has increased by 9.131 billion euro over the first eight months at 108.972 billion euro, according to the data published on Monday by the National Bank of Romania (BNR). During this period, the public foreign debt has increased by over 6.2 billion euro, at 41.117 billion euro.

On 31st December 2018, the total foreign debt was 99.841 billion euro, and the public foreign debt was 34.850 billion euro, according to the data revised by BNR.

After 8 months, the total foreign debt went up to 108.972 billion euro, and the public foreign debt was 41.117 billion euro.

From the total, the foreign debt on long term was 74.342 billion euro on 31st August (68.2% of the total of the foreign debt) up by 8.9% against 31st December 2018.

At the same time, the foreign debt on short term was on 31st August at the level of 34.63 billion euro (31.8% of thetotal of the foreign debt) up by 9.7% against 31st December 2018.

The rate of the service of foreign debt on long term was 17.3% between January – August 2019, as compared to 22.6% in 2018.

The degree of coverage of import of goods and services on 31st August 2019 was 5.1 months as compared to 4.9 months on 31st December 2018.

The degree of coverage for the foreign debt on short term, calculated at the residual value, with foreign exchange reserves at BNR on 31st August 2019 was 76.4% as compared to 74.1% on 31st December 2018.



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