After several months of decline, by the end March official reserve assets were up by $4.68 million compared to February, totaling $5.393 billion.
The National Bank of Moldova attributes the increase to several factors. One is the income from the management of foreign exchange reserves, of $18.04 million. Net inflows related to required foreign currency reserves of licensed banks were $6.18 million. Loans to the Ministry of Finance for investment projects constituted $3.6 million.
Also contributing to the increase was the revaluation of securities held in the investment portfolio, $1.25 million. Net inflows to the Office of Foreign Assistance Program Management accounted for $0.76 million and other net inflows were $0.27 million.
At the same time, during the reporting period, the reduction of the official reserve assets was determined by the payments related to the external public debt service of the Republic of Moldova in the amount of $15.92 million. The depreciation of the exchange rates of the component currencies of the foreign reserves in relation to the US dollar constituted $6million. Also, the payments of the Ministry of Finance were in the amount of $3.5 million.
As of the end of February, official reserve assets amounted to $5.389 billion.
