Foreign currency reserves of the National Bank of Moldova reached a new historical maximum, amounting to $ 3 billion 680.47 million as of November 30 and increased just last month by $ 143.52 million (+ 4.1%).
The previous absolute record of the NBM foreign currency reserves was registered on November 27, when they amounted to $ 3 billion 675.26 million, and as of October 31, 2020, the NBM foreign currency reserves amounted to $ 3 billion 536.95 million. As noted in the National Bank, in the reporting period, an increase in official the reserve assets of the NBM were facilitated by the following factors: the receipt by the Ministry of Finance of Moldova of macro-financial assistance from the European Commission: $ 61.27 million (equivalent to 51.62 million euros); intervention in the domestic foreign exchange market in the form of buying foreign currency: $ 30 million; increase in exchange rates of currencies included in foreign currency reserves against the US dollar: $ 24.63 million; receipt by the Ministry of Finance of loans and grants for the implementation of investment projects: $ 19.52 million, including $ 11.87 million (equivalent to 10 million euros) from the Council of Europe Development Bank and $ 3.58 million (equivalent to 3 million euros) from the International Development Association in the framework of emergency projects response to COVID-19; net proceeds attributable to the required reserves of licensed banks in foreign currency: $ 17.66 million; profit from managing foreign currency reserves: $ 0.99 million; Aid Program Management Office net proceeds: $ 0.44 million other net receipts: $ 3.47 million. At the same time, in the reporting period, the following factors influenced the decrease in official reserve assets: payments related to servicing the external public debt: $ 7.81 million; Ministry of Finance payments: $ 6.46 million and revaluation of investment portfolio of securities: $ 0.19 million. // 08.12.2020 — InfoMarket.