National Bank of Moldova profit from the management of foreign exchange reserves in 2020 amounted to $26.4 million with an average rate of return of 0.81%.
This is stated in the report of the National Bank for the last year. It notes that, in general, the official reserve assets of the NBM in 2020 increased by about $724 million (+ 23.7%), amounting to approximately $3 billion 784 million as of December 31, 2020. The process of managing the foreign exchange reserves of the National Bank last year was due to the evolution of the global economy in 2020, decisions of the main central banks of the world, in particular, the monetary authorities of the United States, the Euro Area and the United Kingdom. It was affected by the conjuncture in the financial market, as well as the evolution of exchange rates against the US dollar. At the end of 2020, in the structure of the NBM foreign exchange reserves, the largest share accounted for US dollars - 65.2%. The share of the euro was 26.6%, and the pound sterling share - 8.1%. At the end of 2020, more than 50.6% of the NBM foreign exchange reserves were invested in securities, 19.3% were placements for a period (deposits), and 30.1% were kept in the form of cash and placements on correspondent accounts. // 09.06.2021 – InfoMarket
