UPDATE:Romania Forex Reserves Hit Record Of EUR27.33B In July

BUCHAREST (Dow Jones)--Romanian foreign-exchange reserves rose EUR860 million on the month in July to a record high of EUR27.326 billion, after loans taken out by the Finance Ministry, news agency Mediafax reports the central bank as saying Monday.
At the end of June, foreign exchange reserves stood at EUR26.466 billion.
The previous record high, of EUR27.318 billion, was set in October last year.
The central bank said foreign exchange inflows stood at EUR4.243 billion in July, including loans taken out by the Finance Ministry.
In late July, Romania received the first tranche of EUR1.5 billion of a total EUR5 billion balance-of-payments loan from the European Commission. In addition, the Finance Ministry borrowed around EUR1.2 billion in a loan from a series of Romanian banks, adding to the reserve figure.
The central bank said outflows came to EUR3.383 billion in July.
In addition to its foreign exchange reserves, the central bank reported holdings of 103.7 metric tons of gold, with a total market value of EUR2.214 billion.
As a result, total Romanian international reserves amounted to EUR29.54 billion at the end of July.