Finances

NBM HARD-CURRENCY RESERVE FELL US$114.65 MILLION IN FEBRUARY

11 march, 2019

The official reserve of the National Bank of Moldova accounted for US$2,793 million as of the end of February. Over a month, the reserve fell US$114.65 million.

According to the NBM, the decline was mostly due to conducting of interventions in the currency market in the form of currency selling - US$84.8 million; Moldova’s external debt payments - US$40.39 million; Ministry of Finance payments - US$2.86 million.

At the same time, the following factors influenced the growth of official reserve assets: revenues from hard-currency reserve administration - US$4.09 million; net revenues concerning mandatory bank reserve in foreign currency – US$396 million; growth in the reserve currency exchange rate against the US dollar - US$3.67 million.

Infotag’s dossier: As of the end of February 2018, the NBM hard-currency reserve was US$2,841 million. Over the last year, the historical record of hard-currency reserve was updated 15 times, exceeding US$3,049 million on November 9. Since then, the volume of reserve started falling.

In late 2018, the reserve was US$2,995 million, in 2017 – 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.

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