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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 January 2023, new term deposits extended1 (Infographic 1) accounted for MDL 4,845.4 million, decreasing by -27.9% compared to December 2022. Deposits attracted in domestic currency recorded a major share of 68.8% and totalled MDL 3,335.0 million (-16.0% as compared to the previous month).
Infographic 1. Developments in new extended deposits.
In terms of maturity, the highest demand was recorded for deposits with terms from 6 to 12 months, which held a share of 46.5% of total term deposits. Individuals’ deposits attracted at this term (Infographic 2) accounted for 39.9% of the total of deposits.
Infographic 2. Individuals’ new term deposits
The average nominal interest rate on domestic currency deposits decreased by -0.22 percentage points as compared to the previous month and accounted for 13.04%. The average nominal interest rate on foreign currency deposits decreased by -0.10 percentage points accounting for 2.36%.
Individuals’ deposits amounted in January 2023 to MDL 3,710.1 million (-21.5% as compared to the previous month).
In January 2023, legal entities’ deposits (Infographic 3) in domestic and in foreign currencies decreased by -27.8% and by -60.9%, respectively, as compared to the previous month. Legal entities’ deposits in domestic currency accounted for MDL 768.8 million, while those in foreign currency – MDL 359.5 million.
Infographic 3. Legal entities’ new term deposits
The average interest rate on deposits extended to legal entities in domestic currency increased by 1.19 percentage points, reaching 8.08%. At the same time, the average interest rate on foreign currency deposits decreased by -0.45 percentage points and accounted for 1.26%.
Developments in loan markets in January 2023
1. Data presented according to Instruction on preparation and presentation of reports on interest rates applied by banks in the Republic of Moldova, approved by Decision of the Executive Board of the NBM No 331 of 1 December 2016, Official Monitor of the Republic of Moldova No 441-451 of 16 December 2016, as subsequently amended and supplemented.
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