Official reserve assets of Moldova exceed new historical threshold of three billion dollars

Chisinau, 28 September /MOLDPRES/ - The official reserve assets have exceeded a new historical threshold of three billion dollars and reached 3 billion 27.9 million dollars on 21 September 2018, according to data by the National Bank of Moldova (BNM).  

BNM’s data, made public today, also shows that the official reserve assets increased by 219 million dollars against late 2017. Most reserves, respectively 1.547 billion dollars, are maintained in stock and shares and 1.472 billion dollars represent disposable funds and term deposits, including in banks from abroad. 

The increase in the currency reserves is prompted by the registration of loans and grants in favour of the Finance Ministry, entries from the International Monetary Fund, BNM’s interventions on the domestic currency market in form of purchases of currency, incomes from the management of currency reserves, etc.   

The National Bank also said that the official reserve assets (identical with the gross international reserves) are assets available at any moment and controlled by the National Bank of Moldova, in order to directly finance the imbalance of the balance of payments, for the direct regulation of the imbalance of the balance of payments through carrying out interventions on the currency market, in order to implement the monetary and currency policy of the National Bank of Moldova, as well as on other purposes.    

BNM’s data shows that the official reserve assets in 2017 increased by 598 million dollars against a growth of 470 million dollars in 2016.  

(Reporter V. Bercu, editor L. Alcaza)