The official foreign exchange reserves at the end of last December came to US$ 2.995,19 billion, a decrease of US$ 19.4 million on November 30, 2018, IPN reports.
The National Bank of Moldova said the decline was due to the net interventions on the domestic currency market in the form of currency sales of US$ 21.2 million. Also, the Ministry of Finance made payments of US$ 12.13 million, while US$ 6.55 million went to service Moldova’s public foreign debt. The exchange rates of the currencies that form part of the foreign exchange reserves diminished against the U.S. dollar (US$ 2.24m).
In the period, the official foreign exchange reserves rose owing to the loans and grants to the value of US$ 6.89 million in favor of the Ministry of Finance for investment projects, the revenues of US$ 4.61 million from the management of the currency reserves and the budget support of US$ 4.52 million received by the Ministry of Finance from the European Investment Bank.
Among the factors are also the net inflows related to the mandatory foreign currency reserves of licensed banks to the value of US$ 4.39 million, the net inflows of US$ 1.24 million into the account of the Credit Line Directorate and the reassessment of the intangible assets kept in the investment portfolio (US$ 0.45m). Other net inflows came to US$ 0.62 million.
