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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 August 2021, the currency in circulation (M0)1 amounted to MDL 32,739.5 million, increasing by MDL 2,920.6 million (9.8%) compared to December 2020 (chart no. 1) as a result of exceeding of the volume of cumulative releases over the volume of cumulative receipts per banking system by MDL 2,920.8 million2 in period January – August 2021.
Chart no. 1.
Correlation of the M0 indicator with the volume of cash operations on the banking system, million MDL
During January - August 2021, the volume of cash receipts increased by 25.3% compared to the similar period of the previous year and amounted to MDL 96,480.1 million. The increase in the volume of cash receipts was mainly determined by the increase by 23.3% of the receipts from the sale of consumer goods (regardless of the sales channel), which have the largest share (56.6%) of total volume of receipts (Chart no. 2). This evolution was supported by the increase of all sources of cash receipts.
Chart no. 2.
Main sources of cash receipts in licensed banks vaults and their monthly dynamics
At the same time, in August 2021, the volume of receipts amounted MDL 13,870.6 million (+1.8% compared to July 2021 and +34.0% compared to August 2020).
The volume of cash releases from licensed banks vaults in January-August 2021 increased by 23.4% compared to the same period of the previous year and amounted MDL 99,400.8 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 increase of the releases to purchase foreign currencies from individuals by MDL 7,272.9 million (33.1%), amounting to MDL 29,260.9 million (the equivalent of USD 1,651.6 million3). Their share increased by 2.1 percentage points and accounted for 29.4% of the total volume of cash release.
At the same time, the releases from individuals’4 accounts increased by 18.3%, amounting to MDL 22,351.6 million, which represents 22.5% of the total releases volume.
It should be noted, that releases from ATMs had a significant share of 18.9% of total releases and increased in January – August 2021 by 10.0% compared to the same period of the previous year.
In August, the volume of cash releases amounted to MDL 13,866.1 million, less by MDL 4.5 million than the volume of receipts. Compared to July 2021, cash releases decreased by MDL 410.2 million or by 2.9%.
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.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
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