logo

Official reserve assets totaled US$5.4bn at end of 2024


https://www.ipn.md/index.php/en/official-reserve-assets-totaled-us54bn-at-end-of-7966_1110712.html

The official reserve assets on December 31, 2024 amounted to US$5.483,57 billion, US$202.55 million up on November 29, when they came to US$5.281,02 million, IPN reports.

The official reserve assets are the assets available at any time and controlled by the National Bank of Moldova for directly financing the balance of payments imbalance and indirectly settling the balance of payments imbalance.

The central bank noted that the increase in the official reserve assets was influenced by the registration of loans in favor of the Ministry of Finance, in the amount of US$146.03 million, granted by the International Monetary Fund. The Ministry also benefited from budget support of US$141.89 million dollars, provided by the Government of Canada, the European Commission, the French Development Agency, the European Investment Bank, the Governments of Latvia and the Czech Republic, etc.

The increase was also driven by foreign exchange reserve management revenues of US$16.55 million. Also, there were raised loans for investment projects in the amount of US$9.74 million, etc.

At the same time, during the reporting period, the decrease in the official reserve assets was influenced by the depreciation of the exchange rates of the component currencies of the foreign exchange reserves against the US dollar – US$21.85 million. Sales interventions amounted to US$55.90. The decrease was also determined by the payments related to the servicing of the external public debt of the Republic of Moldova in the amount of US$21.50 million, and also by the net outflows related to the required reserves in foreign currency of licensed banks in the amount of US$13.10 million.