ROThe annual report published by the National Bank of Romania (BNR) highlights a significant shift in the strategy for managing foreign reserves, emphasizing increased exposure to the euro and US dollar while reducing holdings of other currencies. This change, combined with a reduction in cash holdings, led to a profit of over 2.3 billion lei in 2025. As of December 31, 2025, Romania’s international reserves reached a record high of 77.017 billion euros, with 80% of the profits directed to the state budget. The management of these reserves is handled by a discreet committee of 11 individuals, including the governor, Mugur Isărescu, who refers to them as 'brilianții.' The report also notes that Romania’s gold reserves remained unchanged in physical terms but increased by 3.861 billion euros due to a surge in the price of gold. Global geopolitical tensions and financial instability have driven demand for safe assets, leading central banks, especially in emerging economies, to increase their gold purchases. Isărescu has expressed a superstition that exceeding 100 tons of gold has historically been associated with negative outcomes for Romania, and he prefers to keep the reserves below 1
Bias read (Center): While the article discusses economic policies and decisions made by the National Bank of Romania, which involves governmental institutions and public policy, the framing remains balanced. It presents both the economic outcomes and the internal decision-making process without overtly endorsing or批判 a
