The official reserve assets at the end of November were US$ 3.055,54 billion, an increase of US$ 41.51 million on October 31, when these were US$ 3.014,03 billion, IPN has learned from the National Bank of Moldova.

The rise was due to the registration of US$ 38.62 million in budget support grants from the European Commission in the name of the EU in favor of the Ministry of Finance. This is the equivalent of €34.85 million, €10.0 million of which represents the first installment of the grant component of the macro-financial assistance program.

The rise also stemmed from the purchases of foreign currency on the domestic market, revenues from the management of the foreign exchange reserves and registration of loans and grants for investment projects in favor of the Ministry of Finance.

The official reserve assets last month decreased following the payments made by the Ministry of Finance, the depreciation of the exchange rates of the currencies present in the foreign exchange reserves and the payments made to service Moldova’s public foreign debt.