Foreign exchange reserves rose over US$86m in May

The official reserve assets of the National Bank of Moldova increased in May by about US$86.73 million to $1.188,76 billion, as against US$1.102,03 billion on April 30, Info-Prim Neo reports, quoting the central bank. According to the quoted source, the foreign exchange reserves grew after the central bank intervened on the currency market and purchased foreign currency to the value of US$48.28 million and the exchange rates of the reserve currencies against the US dollar rose by about US$38.85 million. The revenues from managing the exchange reserves totaled US$2.58 million, while other incomes — US$0.30 million. On the other hand, the official reserve assets decreased following the amortization of the premium and the reevaluation of the securities, financing of embassies and covering of other external payments in the amount of US$1.61 million, payments for servicing Moldova’s foreign debt to the value of US$1.03 million and net payments associated with the decrease in the obligatory reserves in foreign currency of US$0.64 million.