Moldova's c-bank FX reserves rise in June

Moldova's c-bank FX reserves rise in June Moldova c-bank FX reserves

CHISINAU (Moldova), July 11 (SeeNews) - The foreign exchange reserves held by Moldova's central bank, BNM, increased by $57.06 million net in June, reaching $2.842 billion (2.424 billion euro), BNM said on Wednesday.

Foreign exchange inflows totalled $77 million in June, BNM said in a monthly report.

Those inflows represented mainly grants and credits in the finance ministry's accounts for investment project amounting to $24.39 million and a fourth tranche of $22.48 million from the International Monetary Fund (IMF) under the current three-year funding arrangement.

Foreign exchange outflows totalled $20 million in June, representing  depreciation by $6.46 million of currencies in Moldova's foreign exchange reserves relative to the US dollar and external debt payments of $4.18 million.

The gold reserves held by BNM were worth $2.995 million at the end of June, lower than $3.103 million at end-May.

($=0.853 euro)

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