The official foreign exchange reserves on May 29 came to US$3.136 billion, up US$13.41 million compared with April 30, 2020, Info-Prim Neo reports, quoting the National Bank of Moldova.

According to the bank, the foreign exchange reserves increased after purchases of foreign currency to the value of US$10m were made on the domestic currency market. Also, the exchange rates of the currencies that form part of the reserves appreciated against the US dollar (US$6.21m). The net inflows related to the mandatory reserves in foreign currency of licensed b banks also contributed (US$4.02m).

The official foreign exchange reserves also rose due to the registration of loans and grants in favor of the Ministry of Finance for investment projects (US$3.40m), the revenues from managing the foreign exchange reserves (US$2.78m) and net inflows of US$ 0.65 million in the account of the Credit Line Directorate.

The diminution of the foreign exchange reserves in the period was influenced by the payments of US$6.47 million for servicing Moldova’s external public debt, the Ministry of Finance’s payments of UD$5.42 million and the reevaluation of securities in the investment portfolio to the value of US$1.64 million.

The net foreign assets on May 29 totaled US$2.977 billion.