The official reserve assets at the end of January came to US$3.763,78 billion, down US$19.76 million on December 31, 2020, when they totaled US$3.783,54 billion, IPN reports, quoting the National Bank of Moldova (NBM).
The decline in the official reserve asserts was determined by the payments made to service Moldova’s external public debt, to the value of US$13.27 million, by the depreciation of the exchange rates of the currencies that form part of the reserve assets against the U.S. dollar, in the amount of US$13.07 million, and also by the Ministry of Finance’s payments totaling US$6.49 million.
Also, the rise in official reserve asserts in the period stemmed from the registration of loans and grants in favor of the Ministry of Finance for investment projects, to the value of US$5.35 million, which were disbursed by the IBRD within COVID-19 emergency response projects.
The increase was also influenced by the net inflows related to the mandatory reserves in currencies of the licensed banks, to the value of US$3.79 million, interventions in the domestic currency market in the form of currency purchases, to the value of US$1.50 million, the reevaluation of securities maintained in the investment portfolio, in the amount of US$0.20 million and other net inflows of US$1.54 million.
