The official reserve assets at the end of March totaled $3.432,43 billion, down $248.09 million compared with February 28, 2022, when these came to $3.680,52 billion, IPN reports, with reference to the National Bank of Moldova.
According to the Bank, the decrease was due to payments made to service Moldova’s foreign debt, of $15.95 million, to net interventions on the domestic foreign exchange market in the form of foreign exchange sales, of $232.80 million, to the depreciation of the exchange rates of the component currencies of foreign exchange reserves in relation to the US dollar, with a loss of $9.59 million, to the Ministry of Finance’ payments, of €6.87million.
Other factors that caused the decrease are: a revaluation of securities held in the investment portfolio, with a loss of $1.84 million, and net outflows from the account of the Office for the Management of External Assistance Programs, amounting to $2.78 million.
At the same time, during the reporting period, entries into official reserve assets were determined by the net result of swap operations on the domestic current market, of $9.93 million (€9.0m). Loans and grants were registered in favor of the Ministry of Finance for investment projects, amounting to $5.50 million. The increase was also influenced by net inflows related to the required foreign currency reserves of the licensed banks ($4.82 million), revenues from the management of foreign exchange reserves (€0.72m) and other net inflows ($0.77m).
