Dimitrieska-Kochoska: The government empties the foreign exchange reserves and maintains them only by borrowing


There is no doubt that the stability of the exchange rate will be maintained even in the last shock – the energy crisis. The NBRM has instruments, it has foreign exchange reserves to intervene in imbalances in the foreign exchange market, and the state can borrow at any moment, so that with that foreign exchange inflow it can fill the foreign exchange reserves, says GordanaDimitrieska-Kochoska, former Interim Deputy Finance Minister.

According to the former interim Deputy Minister of Finance from the ranks of VMRO-DPMNE, what should be of concern is that there is a big difference between a responsible and hard-working government, which builds capacity to replenish foreign exchange reserves, and an irresponsible and inefficient government, which empties foreign exchange reserves and maintains only with new foreign borrowing.

“The latest loss of foreign exchange reserves in the amount of about 150 million euros in two months (October and November) is a direct consequence of the crisis imposed by this Government – and to mention that the energy crisis has not been fully imported,” said Dimitrieska-Kochoska.

According to her, not mining domestic coal now causes imports of foreign coal, not the production of domestic electricity, causes higher imports of electricity. All this requires foreign exchange, all this causes a higher foreign exchange outflow.

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