The foreign exchange reserves of the National Bank of Moldova reached a new historic high, amounting to $3 billion 122.81 million as of April 30.

The foreign exchange reserves of the National Bank of Moldova reached a new historic high, amounting to $3 billion 122.81 million as of April 30.

The previous absolute record of the NBM currency reserves was registered on April 24 this year, when they amounted to $3 billion 118.53 million. As the National Bank notes, in particular, in April, versus the previous month, the NBM official reserve assets grew by $174. 1 million (+ 5.9%), since in March 31 they amounted to $2 billion 948.71 million. In general, since the beginning of this year, the NBM's official reserve assets have grown by $63.18 million (+ 2.1%). As noted by the National Bank, in particular, the following factors contributed to the increase in the NBM official reserve assets in March this year: the Ministry of Finance-received loans from the IMF in the amount of $156.7 million and $77.72 million; net receipts related to the required reserves of licensed banks in foreign currency: $32.17 million; loans and grants obtained by the Ministry of Finance for the implementation of investment projects: $5.82 million; profit from the management of foreign exchange reserves: $2.81 million; net proceeds in favor of the Credit Line Directorate: $2.4 million; revaluation of securities of the investment portfolio: $1.16 million. At the same time, in March, the following factors influenced the decrease in the official reserve assets: interventions in the domestic foreign exchange market in the form of currency sales: $59.92 million; payments related to servicing the external public debt: $16.81 million; a decrease in the exchange rates of currencies that are part of foreign exchange reserves against the US dollar: $12.26 million; Ministry of Finance payments: $8.72 million; swap operations in the domestic foreign exchange market totaling $5.46 million (equivalent to 5 million euros); other net payments: $1.52 million. As previously reported by InfoMarket, as of March 20 this year NBM foreign exchange reserves for the first time since mid-October 2019 fell below the $3 billion mark, amounting to $2 billion 970.79 million, and on April 10 they fell below the $2.9 billion mark, for the first time since late May 2019. At the same time, thanks to the urgent loans from the IMF, they immediately grew by more than $234 million, exceeded two important levels of $3 billion and $3.1 billion and set a new absolute record for foreign currency reserves at that time, amounting to $3 billion 118.53 million as of April 24th. It should be noted that the foreign exchange reserves of the National Bank in 2019 increased by $64.44 million (+ 2.2%), amounting to $3 billion 059.63 million in late 2019. A year earlier, they increased by $191.93 million (+6, 8%), reaching $2 billion 995.19 million in late 2018. Moreover, in 2018 the official reserve assets of the National Bank immediately exceeded two new maximum historical milestones: $2.9 billion and $3 billion. //07.05.2020 - InfoMarket.

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