The official reserve assets at end-September were US$3.453,39 billion, an increase of US$62.37 million compared with end-August, when they totaled US$3.391.02 billion, IPN reports.

According to the National Bank of Moldova, the rise in the official reserve assets stemmed from the net inflows related to the mandatory reserve assets of licensed banks in the amount of US$51.49 million and from the interventions on the domestic currency market in the form of purchases of currency, in the amount of US$29.6 million.

The rise was also fueled by the transfer of US$ 16.07 million in budget support by the EIB and also of loans and grants in favor of the Ministry of Finance for investment projects, totaling US$4.01 million, and the US$1.30 million revenues from the management of reserve assets.

The diminution of the official reserve assets in the period was due to the payments made to service the external public debt – US$19.99 million, the payments made by the Ministry of Finance – US$4.37 million, the reassessment of the securities maintained in the investment portfolio – US$0.83 million and the depreciation of the exchange rates of the currencies that form part of the reserve assets in relation to the U.S. dollar – US$15.83 million.