The official reserve assets at end-July were US$ 3.285,51 billion, an increase of US$ 91.96 million compared with June 30, 2020, when these totaled US$ 3.193,55 billion, IPN reports.
According to the National Bank of Moldova, the rise in the official reserve assets stemmed from the appreciation of the exchange rates of the currencies that form part of the official reserves in relation to the U.S. dollar, to the value of US$45.85 million, and from the interventions on the internal currency market in the form of purchases of currency, in the amount of US$30.00 million.
The rise was also fueled by the transfer of the second US$ 22.96 million tranche of the EU loan provided as part of the macro-financial assistance to the Ministry of Finance and the registration of loans and grants for investment projects totaling US$10.17 million in favor of the Ministry of Finance.
The diminution of the official reserve assets in the period was due to the payments made to service the external public debt – US$14.57 million, the payments made by the Ministry of Finance – US$ 13.08 million and the reassessment of the securities maintained in the investment portfolio.
