Official reserve assets totaled 4.048,30 billion at the end of October, US$86.48 million up compared with the end of September, when they came to US$3.961,82 billion, IPN reports.

According to the National Bank of Moldova, the increase was due to the transfer of the budget support in favor of the Ministry of Finance by the European Commission in the name of the EU – US$99.49 million, US$57.4 million of which came in the form of macro-financial assistance (last tranche of the loan).

The rise also stemmed from the loans and grants registered in favor of the Ministry of Finance for investment projects, amounting to US$5.26 million, and the net inflows related to the required foreign currency reserves of the licensed banks, amounting to US$4.69 million.

There were net inflows in the account of the Office of Management of External Assistance Programs, amounting to US$2.50 million, and other net inflows coming to US$3.08 million. The increase was also influenced by the appreciation of the exchange rates of the component currencies of foreign exchange reserves in relation to the US dollar, in the amount of US$1.42 million, and by revenues coming from the management of the official reserve assets, in the amount of US$0.24 million.

In the period, the official reserve assets decreased due to payments made to service Moldova’s foreign debt, amounting to US$16.40 million, to the interventions on the domestic foreign exchange market in the form of foreign exchange sales, of US$1.0 million, to a revaluation of securities held in the investment portfolio, with a loss of US$0.36 million, and to the Ministry of Finance’s payments of US$12.44 million.