By the end of the year, the official reserve assets of the Republic of Moldova reached 5.1 billion euros. The National Bank of Moldova specifies that this is an increase of 23.4 million euros compared to the end of November, when they were 5.08 billion euros, reports IPN.
According to BNM, the increase in official reserve assets was determined by the revenues in favor of the Ministry of Finance, which totaled 49.10 million euros. These include the budget support disbursed by the French Development Agency (45 million euros), loans and grants for investment projects (3.15 million euros), and budget support provided by the International Development Association (0.95 million euros).
Also contributing were the net entries pertaining to the mandatory foreign currency reserves of licensed banks (13.58 million euros), revenues from managing foreign currency reserves (12.64 million euros), net entries in the accounts of the Office for the Management of External Assistance Programs (2.61 million euros), etc.
At the same time, during the reporting period, the decrease in official reserve assets was determined by the depreciation of the exchange rates of the currencies that make up the foreign reserves in relation to the euro, which had an impact of 32.92 million euros. Also, the decrease was determined by payments related to the service of external public debt (17.89 million euros), payments made by the Ministry of Finance (3.60 million euros) and other net outflows (0.33 million euros).