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Foreign exchange reserves rose slightly

After a July decline, official reserve assets rose again in August thanks to budget support from the World Bank, Logos Press reported.
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Foreign exchange reserves rose slightly

At the end of August, official reserve assets amounted to 5,131.50 million euros, up by 87.98 million euros. In August, the external accounts of the National Bank received 105.06 million euros in favor of the Ministry of Finance, which are intended for investment projects and budgetary support.

In addition, there was a good income from the management of foreign exchange reserves, bank reserves and investment activities amounting to about 26 million euros and other income.

A positive result was also obtained due to the fact that in August, less funds were diverted for external debt servicing – about 20 million euros, whereas in July, 54 million euros were diverted.

At the same time, the increase in exchange rates in July was replaced by a decrease in the exchange rates of the currencies included in the foreign exchange reserves against the euro, which automatically deducted EUR 24.23 million of the exchange rate difference from public savings.

The cumulative change in foreign exchange reserves since the end of 2024 remains in the negative (-116 million euros).


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