NBM official reserve assets at US$3.783,54bn at end of 2020

The official reserve assets at the end of last year came to US$3.783,54 billion, up US$103.07 million on November 30, when they totaled US$3.680,47 billion, IPN reports, quoting the National Bank of Moldova.

The rise in the official reserve asserts was determined by the registration of loans and grants in favor of the Ministry of Finance for investment projects, to the value of US$59.28 million. The sum includes the US$49.95 million received from the European Investment Bank, US$3.82 million from the International Development Association provided in the framework of projects to support road sector programs and US$3.65 million from the IDA offered in the framework of COVID-19 emergency response projects.

The diminution of the official reserve assets in the period was influenced by the Ministry of Finance’s payments of US$26.76 million and payments of US$9.44 million made to service Moldova’s external public debt and also by the net payments related to the mandatory reserves in currency of licensed banks, to the value of US$4.15 million, and the reevaluation of the securities maintained in the investment portfolio, in the amount of US$0.45 million.

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