​NBM HARD-CURRENCY RESERVE GREW US$58.56 MILLION IN JULY

Official reserve of the National Bank of Moldova (NBM) reached almost US$1,933 million as of the end of July, growing by US$58.56 million over a month. In comparison to the beginning of the year, the growth accounted for US$177 million, while against the equivalent period of 2015 - US$184 million.

According to the NBM data, the growth was mostly due to conducting of interventions in the currency market in the form of purchasing currency – US$74.38 million (including from banks in the process of liquidation – US$0.18 million); receiving by the Finance Ministry of US$6.97 million credit for budget replenishment from the International Development Association; revenues from hard-currency reserve administration - US$1.99 million; revenues to the credit line directorate – US$1.47 million.

At the same time, the decline in the reserve was due to Moldova’s external debt payments - US$14.87 million; decline in the reserve currency exchange rate against the US dollar - US$7.95 million; Finance Ministry on investment projects – US$2.24 million; Ministry of Finance external payments – US$1.21 million.

Infotag’s dossier: As of end-July 2015, the NBM currency reserve was US$1,749 million. It reached its historic maximum of US$2,827 million on December 14, 2013. As of end-2015 it accounted for US$1,756 million, in 2014 – US$2,156 million. In 2012, the NBM hard-currency reserve was US$2,515 million, in 2011 - US$1,965 million, in 2010 – US$1,717 million.