The fall in total assets was partially offset by internal receipts and income. Investment profit and net inflow in the amount of 35.81 million euros was obtained by the National Bank at the expense of profits from the management of foreign exchange reserves, as well as other net inflows to the accounts of the regulator (the difference between the total decrease and the sum of all outflow factors). In May, only a little more than 4 million euros of donor funds were transferred to the NBM’s foreign currency accounts in favor of the government (for investment projects and for the management of foreign aid programs) from the net inflow.
Since the beginning of 2026, the official reserve assets of Moldova increased by 84.00 million euros (from 5,104.27 million euros as of December 31, 2025 to 5,188.27 million euros as of May 29, 2026). The dynamics of changes in the volume of reserves by months of the current year demonstrates a wave-like character: the peak of reserves growth occurred at the end of March (+246.85) and was conditioned by the budgetary support of the European Commission (+173.22 million). In April, the decrease in volumes was mainly influenced by exchange rate fluctuations – depreciation of currencies against the euro (-40.69 mln).
Despite the decline in the spring months (April and May), due to the large March tranche of financial assistance from the EU, the overall dynamics of the five months remains positive.
