ECB: Net foreign currency reserves drop over €1bn

The European Central Bank said net foreign currency reserves of the eurosystem fell by €1.4bn to €172.6bn in the week ending February 13.

The European Central Bank said net foreign currency reserves of the eurosystem fell by €1.4bn to €172.6bn in the week ending February 13.

Banknotes in circulation fell by 0.3 billion to 418.5 billion, the ECB said.

The gold position of the eurosystem fell by €1m to €130.343bn.

The eurosystem includes the ECB and the national central banks of the euro zone.

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