The official foreign exchange reserves at the end of this September were over US$ 3.021bn, up US$ 57.96m compared with August 24, IPN reports, quoting the National Bank of Moldova.

The rise in the official foreign exchange reserves was determined by foreign currency purchases made on the domestic market totaling US$ 52.8m and the rise in the exchange rates of the currencies that form part of the foreign exchange reserves against the US dollar, totaling US$12.09m. The loans and grants registered in favor of the Ministry of Finance for investment projects came to US$ 4.23m.

The revenues from managing the foreign exchange reserves added up to US$ 4.13m, while the net inflows in the account of the Credit Line Directorate came to  US$ 2.21 million. The increase in assets was also determined by the registration of US$ 0.11m in budget support that came from the International Development Association and other net inflows of US$ 0.64 million in favor of the Ministry of Finance.

The official foreign exchange reserves in the period were diminished by the payments for servicing the external public debt of the Republic of Moldova (US$ 9.85m) and the payments of US$ 7.32m made by the Ministry of Finance. The net outflows related to licensed bank’s mandatory reserves in foreign currencies came to US$ 0.61m.