Moldova's central bank diversifies forex reserves

Central Banking staff
19 Jun 2003

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The central bank of Moldova has diversified its foreign exchange reserve portfolio to guard against exchange rate risk.

Source: ITAR-TASS news agency

Moldova's National Bank has diversified the national foreign exchange reserves, which currently stand at 263m dollars, in order to alleviate the risks related to the growth of the euro.

Moldovan National Bank sources told reporters on Tuesday [17 June] the US dollar accounted for 60 per cent of the reserves; the euro for 30 per cent and the British

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