Moldovan MoF transfers to state budget US$11.9 mln from placement of governmental securities

The Ministry of Finance transferred to the state budget 145.9 million lei US$11.9 million from placement of governmental securities, at an auction held on November 13.

The MoF put up for sale governmental securities worth 136 million lei. The demand of the banks stood at 226 million lei, which is by 7 million lei less than at the previous auction. The weighted average return on governmental securities traded during 91, 182 and 364 days stood at 4.46%-5.8%.

This profitability index of the governmental securities outstrips the annual inflation rates, which stood at 7.8% in 2011 and at 3.9% in October 2011 - October 2012. According to the updated forecast of the National Bank of Moldova, the inflation rate will account for 5.1% in 2012 and for 5.3% in 2013.

Adapted from Infotag