Moldova's c-bank reserve assets rise in Nov

Increases in the individual constituents of official reserve assets came in at $111.25 million combined in November, while decreases totalled $31.87 million, the central bank, BNM, said in a monthly report on Thursday.

The net increase was mainly driven by the appreciation of Moldova's foreign exchange reserve currencies against the US dollar, amounting to $60.71 million. Revenues generated by the management of foreign exchange reserves contributed $17.63 million, while the revaluation of securities held in the investment portfolio accounted for an increase of $14.25 million. Interventions in the domestic foreign exchange market in the form of purchases of foreign currency contributed $5 million to the increase.

Decreases in official reserve assets in November were represented by external debt payments of $29.83 million and payments of $2.04 million made by the finance ministry.

The gold reserves held by BNM were worth $4.8 million at the end of November, marginally up from $4.74 million at end-October.

($=0.9283 euro)