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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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Inflation Report no.4, November 2021
The National Bank of Moldova (NBM) has published the latest Inflation Report of this year. According to it, the average quarterly annual inflation rate increased to 4.9 percent and at the end of last quarter annual inflation was 6.7 percent.
This increase was determined by internal and external factors. On the one hand, there has been an increase in demand due to the increase in the population's income and on the other hand, the prices on the local market have been influenced by the increase in the price of food, oil and other raw materials on the international market. The adjustment of tariffs related to regulated prices also had an impact.
If at the beginning of the year the global increase in proinflationary pressures was seen as a temporary effect, currently most monetary authorities, as well as the IMF, have warned of their intensification and the need for measures to counteract the negative effects.
Thus, the current inflation forecast, compared to the previous inflation report, has been revised upwardly by the NBM. The inflation forecast scenario was developed under conditions of increased uncertainty, caused in particular by the lack of clear information on the increase in natural gas tariffs for household consumers and economic agents. In this context, the magnitude of the shock to regulated prices depends also directly on the Government's compensatory measures.
The risks and uncertainties will persist in the next period. These are related to the increase in international prices for energy and food resources, the decrease in production activity, and at the local level a number of factors, such as climatic conditions, the evolution of the pandemic situation and the magnitude of the adjustment of final tariffs.
The annual inflation rate and core inflation will increase rapidly until the first half of next year, then decline rapidly towards the end of the forecast period - third quarter 2022. This trajectory will be largely supported by a positive fiscal momentum in the current year, the revival of external demand and the economic recovery in the current year.
The National Bank of Moldova will continue to monitor carefully the evolution of the Consumer Price Index, the internal and external macroeconomic situation, and at the right time will come with the necessary measures to create monetary conditions to achieve its fundamental objective.
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