The official reserve assets at end-June were US$3.616,39 billion, an increase of US$62.03 million on May 31, 2022, when these totaled US$3.554,36 million, IPN reports, with reference to the National Bank of Moldova.
The rise was determined by the inflows related to the required foreign currency reserves of the licensed banks ($46.98m) and the net interventions on the domestic currency market in the form of currency purchases ($45.60m). Also, the Ministry of Finance received the $8.69 million in budget support disbursed by the International Development Association.
Loans and grants were registered in favor of the Ministry of Finance for investment projects, amounting to $7.45 million. The increase was also influenced by the revenues from the management of the foreign exchange reserves ($2.01m).
In the period, the depreciation of the exchange rates of the component currencies of foreign exchange reserves against the US dollar ($27.26m) influenced the official reserve assets down. The decrease was also due to payments made to service Moldova’s foreign debt ($10.28m), to the Ministry of Finance’ s payments ($4.76m) and to the net result of swap operations on the domestic currency market ($0.9m).
The net inflows into the account of the Office for the Management of External Assistance Programs came to $0.14 million, while other net inflows added up to $0.04 million.
