As of March 31, Moldova’s official reserve assets stood at US$4.679 billion, up $137.33 million from the previous month, when they totaled $4.542 billion, IPN reports.
According to the National Bank, the increase was due to interventions on the domestic foreign exchange market in the form of foreign currency purchases worth $67.21 million, and also due to the appreciation of component currencies against the US dollar, by $43.49 million. The securities held in the investment portfolio were also revalued, which contributed another $21.85 million.
Other factors included the income resulted from the management of foreign exchange reserves ($13.58 million), credits and grants to the Ministry of Finance for investment projects ($7.04 million), and net inflows from commercial banks complying with reserve requirements (+ $4.27 million).
At the same time, factors that reduced the official reserve assets included payments towards Moldova’s external public debt ($9.94 million), the net result of foreign exchange swap operations in the domestic foreign exchange market ($5.39 million), Ministry of Finance payments ($3.35 million), and net outflows from the account of the Office of Management of Foreign Assistance Programs ($2.07 million).
