Transnistria's currency reserves up US$6.7 million in November

As of late November 2012, the currency reserves of the Transnistrian central bank increased US$6.7 million, up to US$78.6 million.

According to the bank, the significant currency growth has been triggered by the «excessive foreign currency purchased by the Transnistrian commercial banks.»

The decreasing demand for foreign currency on the Transnistrian market, led to the consolidation of the Transnistrian ruble’s exchange rate, according to economic experts. In November 2012, the official exchange rate of the US dollar tumbled two times and stood at 11.10 Transnistrian rubles for US$1, as of November 29.

Adapted from Infotag