Moldova Currency Reserves Decreases by 3,3%
OREANDA-NEWS. October 06, 2009. Moldova’s currency reserves have amounted to US 1344,38 million, decreasing by US 45,62 million (3,3%) as compared to the previous week. As it was informed before, according to the National Bank of Moldova, as of September 18, NBM’s currency reserves were equal to US 1 billion 390 million, as of September 11- US 1 billion 374.03 million and as of September 4 - US 1 billion 316,5 million, respectively.
The increase in reserves in August by 9.2% (US 119.88 million) was mainly due to IMF’s allocation of US142.66 million in order to ensure liquidity and increase currency reserves. The reserves were also increased through acquisition of US 39.86 million by NBM and due to the growth of the exchange rates of the main currencies vs. dollar - US 4.67 million, revenues of US 2.37 million from the foreign reserves management and other incomes of US 0.73 million.
At the same time, the reduction in the currency reserves was due to decrease in the mandatory currency reserves of the commercial banks - US 61.38 million, the servicing of the external debt of Moldova to IMF - US 7.33 million and other external payments of US1.70 million.
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