Finances

NBM HARD-CURRENCY RESERVE FELL BY US$62 MILLION IN FEBRUARY

12 march, 2018

The official reserve of the National Bank of Moldova accounted for US$2,841 million as of the end of February. Over a month, the reserve fell by US$62.32 million.

According to the NBM data, the decline was mostly due to the conducting of currency swap on the internal market worth US$45.24 million (36.39 million euros); Moldova's external debt payments - US$42.67 million; lowering of the reserve currency exchange rate against the US dollar - US$8.33 million; Ministry of Finance external payments - US$2.76 million.

At the same time, a number of factors contributed to the growth of official reserve, in particular, the net interventions in the internal market in the form of currency purchasing - US$26.4 million; getting by the MoF of credits and grants for implementing investment projects - US$2.92 million; net revenues concerning mandatory bank reserve in foreign currency - US$1.99 million.

Infotag's dossier: As of the end of February, the NBM currency reserve was US$2,235 million. It reached its historic maximum of US$2,903 million on January 31, 2018.

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