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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 February 2023, the currency in circulation (M0)1 amounted to MDL 33,113.4 million, decreasing by MDL 1,292.5 million (-3.8%) compared to December 2022 (Chart 1) due to decreasing volume of cumulative releases over the volume of cumulative receipts per banking system2 by MDL 1,292.5 million in January – February 2023.
Chart 1. Correlation of M0 indicator with net releases related to cash operations, million MDL
In January – February 2023, the volume of cash receipts increased by MDL 1,576.4 million (+6.5%) compared to the similar period of the previous year and amounted to MDL 25,878.0 million.
The increase in the volume of cash receipts was mainly determined by the increase of MDL 1,127.1 million (+9.1%) of the receipts from the sale of consumer goods (regardless of the sales channel), which have the largest share (52.0%) in the volume of total receipts (Chart 2).
Significant receipts were from the supply of current accounts and deposit accounts of individuals, which increased by MDL 726.9 million (+28.1%) accounting for MDL 3,315.5 million.
At the same time, the volume of receipts from the sale of foreign currency to individuals decreased by MDL 413.7 million (-26.7%), amounting to MDL 1,136.0 million (the equivalent of USD 60.0 million3).
Chart 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 – February 2023 increased by MDL 534.0 million (+2.2%) compared to the similar period of the previous year and amounted to MDL 24,585.5 million (Chart 3).
Chart 3. Main purposes of cash releases from licensed banks vaults and their monthly dynamics4
This dynamic was mainly determined by releases from ATM with a significant share of 27.3% of the total volume of cash releases, which increased in January – February 2023 by MDL 1,727.9 million (+34.6%) as compared to the similar period of the previous year. At the same time, a significant increase of MDL 353.6 million (+6.3%) of the volume of cash releases for the purchase of foreign currency from individuals, which accounted for MDL 5,975.9 million (the equivalent of USD5 315.7 million), having a share of 24.3% of the total volume of cash releases was recorded. The volume of releases from individuals’6 accounts, which amounted to MDL 6,241.5 million that represents 25.4% of the total volume of cash releases registered an increase of MDL 26.5 million (+0.4%).
At the same time, in January – February 2023 decreases of cash releases in the form of loans of individuals were recorded with MDL 509.4 million (-63.1%), of releases for work remuneration and social payments with MDL 232.0 million (-10.5%), as well as releases for other purposes with MDL 832.3 (-19.8%).
1. Currency in circulation (M0) represents circulating cash issued by the National Bank of Moldova, except for cash in banks and NBM vault.
2. Volume of cash operations includes transactions with commemorative coins.
3. Recalculated using the official average exchange rate calculated for that period.
4. Aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.
5. Recalculated using the official average exchange rate calculated for that period.
6. Current, deposit and card accounts are included.
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