In addition to seasonal factors related to the timing of external debt service obligations and domestic financial transactions, the revaluation of assets was a key factor in the value of reserves in June. The positive balance sheet result was mainly driven by monthly fluctuations in exchange rates against the U.S. dollar.
The appreciation of the exchange rates of currencies included in the reserves against the euro added 38.79 million euros. Foreign exchange reserve management generated a profit of 12.64 million euros. During the same period, the Ministry of Finance received 3.95 million euros in external inflows, including loans and grants for investment projects (1.52 million euros).
At the same time, the decline in the value of assets in June was influenced by debt service payments totaling 20.52 million euros and payments made by the Ministry of Finance (7.95 million euros). Changes in the value of securities in the investment portfolio reduced the NBM’s reserves by 1.28 million euros.
