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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 2024, new term deposits attracted1 (Infographic 1) totalled MDL 4,528.5 million, decreasing by 23.6% as compared to December 2023. Deposits attracted in domestic currency recorded a major share of 75.1% and totalled MDL 3,400.9 million, decreasing by 6.7% as compared to the previous month. Deposits attracted in foreign currency totalled MDL 1,127.6 million, decreasing by 50.5 percent compared to the previous month.
Infographic 1. Developments in new extended deposits2
The average nominal interest rate on domestic currency deposits increased by 0.05 percentage points as compared to the previous month to the value of 4.18%. The average nominal interest rate on foreign currency deposits decreased by 0.35 percentage points to the value of 1.86%.
In terms of maturity, the highest demand was recorded for deposits with terms from 6 to 12 months, which held a share of 42.9% of total term deposits, and deposits with terms from 2 to 5 years, reaching 24.0%.
Infographic 2. Individuals’ new term deposits
Individuals’ deposits amounted in January 2024 to MDL 3,556.8 million, decreasing by 4.7% as compared to the previous month (Infographic 2). The most requested were deposits with terms from 6 to 12 months, which accounted for 33.6% of the total deposits.
The average interest rate on deposits attracted in domestic currency from individuals increased by 0.01 percentage points as compared to the previous month, reaching 4.16%. At the same time, the average interest rate on foreign currency deposits decreased by 0.24 percentage points to the value of 1.92%.
In January 2024, businesses’ deposits in domestic currency decreased by 32.8% while those in foreign currency - by 5.8 times, as compared to the previous month (Infographic 3). Businesses’ deposits in domestic currency amounted to MDL 796.9 million, while those in foreign currency – MDL 174.2 million.
Infographic 3. Businesses’ new term deposits
The average interest rate on deposits attracted in domestic currency from businesses increased by 0.14 percentage points, reaching 4.24%. At the same time, the average interest rate on foreign currency deposits decreased by 0.76 percentage points to the value of 1.51%.
Developments in LOAN markets in January 2024
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.
2. Aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.
3. Individuals practicing an activity, according to the Instruction on drafting the Report on monetary statistics by licensed banks, approved by the DEB of the NBM No 255 of 17.11.2011, Official Monitor of the Republic of Moldova No 206-215 of 02.12.2011, with subsequent amendments and additions, operate in associations of persons without legal personality and are producers of goods and/or services for the market, namely, individual enterprises, peasant households, patent holders, notaries, lawyers, bailiffs, etc.
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MD-2005, Chisinau, Republic of Moldova.
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