Official reserve assets totaled $3.962 billion as of the end of September, which is by $14.29 million less compared to the previous month, the National Bank of Moldova reported.
According to the Bank, the decrease was due to payments made to service Moldova’s foreign debt, of $21.20 million; due 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 $13.49 million; and due to Ministry of Finance payments, of $9.61 million.
Other factors that caused the decrease are net interventions on the domestic foreign exchange market in the form of foreign exchange sales, of $7.20 million; a revaluation of securities held in the investment portfolio, with a loss of $0.37 million; and other net outflows of $ 3.95 million.
At the same time, during the reporting period, entries into official reserve assets were determined by the net inflows related to the required foreign currency reserves of the licensed banks, amounting to $ 30.41 million. Loans and grants were registered in favor of the Ministry of Finance for investment projects, amounting to $ 8.27 million, there were net inflows in the account of the Office of Management of External Assistance Programs, amounting to $ 2.41 million. The increase was also determined by the registration of funds in favor of the Ministry of Finance received from the International Development Association for budget support - 0.23 million dollars, as well as by revenues from the management of foreign exchange reserves - 0.21 million dollars.
