Official Reserve Assets, 2005
Official reserve assets that coincide with gross official reserves are external assets readily available to and controlled by the monetary authorities for direct financing of balance of payments imbalances, for indirectly regulating the magnitude of such imbalances through intervention in the exchange market to support the currency exchange rate, or for other purposes. Other foreign currency assets are defined as foreign currency assets of the monetary authorities that are not included in official reserve assets as well as such assets held by the central government. This definition is consistent with the methodology set forth in the fifth edition of the IMF Balance of Payments Manual and Section I of the International reserves and foreign currency liquidity template worked out by the IMF within the Special Data Dissemination System (SDDS). The data are published in U.S. dollars and are compiled on the basis of the balance sheet and accounting records of the National Bank of Moldova. Official reserve assets are revalued daily on the basis of official exchange rates of other currencies against U.S. dollar. The securities are revalued monthly at the end of the reporting period market prices for each type of instruments. Accrued interest on deposits is recorded daily and accrued interest on securities is recorded monthly.


