NBM HARD-CURRENCY RESERVE FELL US$76.7 MILLION IN FEBRUARY

The official reserve of the National Bank of Moldova keeps falling for the third consecutive month. As of the beginning of April, it accounted for US$2,948 million, falling US$76.69 million over a month and almost US$111 million year to date.

According to the NBM, this was due to conducting of interventions in the currency market in the form of currency selling – US$109.55 million; Moldova’s external debt payments – US$10.09 million; decline in the reserve currency exchange rate against the US dollar – US$4.15 million; Ministry of Finance payments – US$3.3 million.

At the same time, the following factors contributed to the growth of official reserve assets: net revenues concerning mandatory bank reserve in foreign currency – US$13.55 million; getting of the 6th International Monetary Fund’s tranche worth US$20.86 million, including US$11.83 million for budget support’ SWAP operations on the internal currency market - US$5.5 million; re-assessment of the investment portfolio securities - US$4.97 million; revenues from currency reserve administration - US$4.13 million.

Infotag’s dossier: Over 2019, the historical record of the hard-currency reserve was updated three times, exceeding US$3,064 billion on December 6. As of the end of 2019, the NBM reserve was US$3,059 billion, in 2018 – US$2,995 million lei, 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.