OREANDA-NEWS. September 01, 2009. According to the National Bank, as of August 14th 2009, the National Bank’s monetary reserves amounted to US 1 billion 175.8 million.

In July 2009, the National Bank’s monetary reserves reduced by US 27.47 million (2.3 per cent) in comparison with the previous month, while since the beginning of the year (as of the end of July) they went down by US 489.81 million (29.3 per cent).

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; payments to serve Moldova’s foreign debt including to the IMF; other foreign payments; decrease in exchange rates of currencies composing monetary reserves against the US dollar.

As it was reported earlier, Moldova’s monetary reserves in 2008 increased by US 338.72 million (25.4 percent) to US 1 billion 672.41 million. The IMF forecasts that Moldova’s monetary reserves will go down almost by US 400 million (23.7 per cent) in 2009 to total US 1 billion 280 million by the end of the year and US 1 billion 293 million as of the end of 2010.