NBM CURRENCY RESERVE GREW US$3.25 MILLION IN NOVEMBER

The National Bank of Moldova grew in November by US$3.25 million, exceeding US$3,014 billion. Meanwhile, year to date these grew by over US$211.3 million.

According to the NBM, the growth was mostly due to getting by the MoF of credits, loans and grants for implementing investment projects - US$24.54 million; revenues from hard-currency reserve administration - US$4.32 million; net revenues concerning mandatory bank reserve in foreign currency - US$3 million; net revenues to the Credit line directorate - US$1.81 million; growth in the reserve currency exchange rate against the US dollar - US$1.4 million.

At the same time, the following factors influenced the lowering of official reserve assets: interventions in the currency market in the form of currency buying - US$13.7 million; Ministry of Finance's payments - US$10.26 million; Moldova's external debt payments - US$7.88 million.

Infotag's dossier: In October 2017, the NBM hard currency reserve accounted for US$2,726 million. It reached its historical maximum on November 9, 2018, exceeding US$3,049 million. In late 2017 it accounted for US$2,803 million, in 2016 - US$2,206 million, in 2015 - US$1,756 million, in 2014 - US$2,156 million. In 2013 it was US$2,827 million, in 2012 - US$2,515 million, in 2011 - US$1,965 million, in 2010 - US$1,717 million.