After following an upward trend during several months, in October the official reserve assets decreased. Thus, at the end of last month, they amounted to US$5.599,87 billion, by $81.98 million dollars less compared to September 30, when the assets came to US$5.681,85 million, IPN reports.
The National Bank of Moldova noted that the decrease in the official reserve assets was due to the lower exchange rates of the currencies that form part of the foreign exchange reserves against the US dollar, which led to a US$70.41 million decrease. The payments related to the service of the external public debt of the Republic of Moldova diminished the reserves by US$37.62 million.
Among the factors that influenced the decrease was the revaluation of the securities held in the investment portfolio, of US$21.09 million. Sales interventions added up to US$11.30 million, and net outflows related to the required foreign currency reserve ratios of licensed banks amounted to US$9.87 million. The payments of the Ministry of Finance amounted to US$8.64 million.
At the same time, the increase in the official reserve assets during the reporting period was due to the budget support in favor of the Ministry of Finance in the amount of US$41.35 million, offered by the International Bank for Reconstruction and Development. The revenues from foreign reserve management amounted to US$17.86 million.
Also, the loans in favor of the Ministry of Finance for investment projects came to US$7.40 million. The net inflows into the accounts of the Office for the Management of External Assistance Programs amounted to US$3.19 million. The increase was also influenced by the budgetary support disbursed by the European Investment Bank in the amount of US1.69 million. Other net inflows totaled US$5.46 million.
