Moldova Monetary Reserves Down 2,3%
OREANDA-NEWS. August 10, 2009. According to the National Bank, as of June 30, National Bank’s monetary reserves totaled US1210,07 million.
The reasons of the reduction in official reserve assets in this period of time were the net payments referring to the reduction of obligatory reserves in foreign currency (US 26.93 million), payments to serve Moldova’s foreign debt including to the IMF (US 13.52 million), other foreign payments (US 4.02 million), reduction in exchange rates of currencies composing monetary reserves against the US dollar (US 0.46 million).
At the same time, monetary reserves grew at this period of time due to the purchases at the foreign exchange market (US 14.72 million), profit from monetary reserves management and other incomes (US 2.34 million).
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