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Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
The registration of applicants for an audience is carried out based on a written request on the subject addressed.
Anca Dragu, Governor
1st Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Vladimir Munteanu, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
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In December 2020, the currency in circulation (M0)1 amounted to MDL 29,818.9 million, increasing by MDL 6,865.7 million (29.9%) compared to December 2019 (Chart no. 1) as a result of exceeding of the volume of cumulative releases over the volume of cumulative receipts per banking system2 in the period of January - December 2020. During the mentioned period, the volume of total releases amounted to MDL130,841.1 million and that of receipts - MDL 123,975.4 million. The major part (28.1 % of the total volume) was released to purchase foreign currencies from individuals. At the same time, cash receipts from the sale of consumer goods (regardless of the sales channel) held a share of 57.7 % in the volume of total receipts.
In January 2021, the volume of cash releases exceeded the volume of cash receipts per banking system, thus increasing the currency in circulation by MDL 46.7 million (0.16 %) compared to the end of 2020.
Chart no. 1.
Correlation of the M0 indicator with the volume of cash operations on the banking system, million MDL
In January 2021, the volume of cash receipts decreased by 7.7 % compared to the similar period of the previous year and amounted to MDL 9,718.5 million. The decrease in the volume of cash receipts was mainly determined by the decrease by 6.0 % of the receipts from the sale of consumer goods (regardless of the sales channel), which have the largest share (of 55.2 %) in the volume of total receipts (Chart no. 2). It should be noted that this evolution was supported by the decrease of majority sources of cash receipts.
Chart no. 2.
Main sources of cash receipts in licensed banks vaults and their monthly dynamics.
The volume of cash releases from licensed banks vaults in January 2021 decreased by 4.7 % compared to the same period of the previous year and amounted to MDL 9,765.2 million (Chart no. 3).
Chart no. 3.
Main purposes of cash releases from licensed banks vaults and their monthly dynamics
This change was mainly determined by the decrease of the releases to purchase foreign currencies from individuals by MDL 264.0 million (8.7%), amounting to MDL 2,776.6 million (the equivalent of USD 160.6 million3). Their share decreased by 1.2 p.p. and accounted for 28.4 % of the total volume cash release.
At the same time, the releases from individuals’4 accounts decreased by 1.1 %, amounting to MDL 2,282.6 million, which represents 23.4 % of all cash releases.
It should be noted, that releases from ATMs had a significant share of 19.2 % of total releases and increased in January 2021 by 2.6 % compared to the same period of the previous year.
Compared to December 2020, cash releases decreased by MDL 4,481.2 million or by 31.5%.
Instruction on the compilation by banks of the Report on the volume of cash operations
1. Currency in circulation (M0) represent circulating cash issued by the National Bank of Moldova, except for cash in banks and NBM vault;
2. The volume of cash operations includes transactions with commemorative coins;
3. Recalculated using the official average exchange rate;
4. Current, deposit and card accounts are included.
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MD-2005, Chisinau, Republic of Moldova.
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