Moldova Ranks 6th in World by Growth in Gold and Foreign Currency
OREANDA-NEWS. November 16, 2012. These are findings of the rating by Forbes Ukraine, which measured 70 states. In January-September, 2012 the top five states with the highest rate of a growth in gold and foreign currency reserves was presented by Switzerland – 58.12%, Estonia – 44.23%, Turkey – 26.88%, Peru – 26.34%, Uruguay – 21.8%. Moldova left behind Bulgaria – 16.06%, Portugal – 13.01%, Austria – 11.92%, the Netherlands – 11.78%.
The rating of states with the highest rates of a decline in monetary reserves was headed by Iceland, whose foreign currency reserves fell by 49.65% within 9 months of 2012.
Then follow: Jordan – 24.36%, Morocco – 18.44%, Egypt – 18.35%, Honduras- 11.53%, Tunisia – 9.71%, Hungary- 8.53%, Ukraine - 8%. Experts of Forbes – Ukraine compared gold and foreign currency reserves by their total value expressed in USD on the basis of statistics provided by IMF. Monetary reserves of the National Bank of Moldova increased USD 361.47 mln.(18.4%), being \\$2 bln. 326.77 mln. as of the end of September, 2012., NBM reports.
This year the increase of monetary reserves of Moldova was explained by new tranches Moldova received from IMF, by purchases of currency NBM performed in the inner foreign exchange market and by the growth of exchange rates of currencies making monetary reserves against USD. Monetary reserves of NBM increased by USD 247.6 mln. (14.4%) within 2011, being USD 1 bln. 965.3 mln. as of the end of last December. As of November, 2 2012 monetary reserves of NBM made up USD 2 bln. 423,52 mln.
They grew USD 94.75 mln. or 4.1% in October. The all-time peak of monetary reserves of Moldova was registered on October, 19, 2012 and made up USD 2 bln. 434.02 mln.
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