Welcome to the official website of the National Bank of Moldova!
×
Do you have good eyesight and want to turn this tool off?
Do you have good eyesight and want to turn this tool off?
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.
Welcome to the official website of the National Bank of Moldova!
If you want to send a message (question or suggestion) on-line, go to section "Feedback" from the main menu at the top of the website.
You can choose one of the most popular reports from the list:
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.
The website www.bnm.md prioritizes data security and uses cookies to enhance the browsing experience and user comfort. Accepting the use of cookies increases the page's working speed and ensures the normal functioning of the information presentation modules. Refusing the use of cookies can slow down the site's loading and hinder smooth navigation between pages. More details in the Cookie Usage Policy.
The Executive Board of the National Bank of Moldova decided unanimously to increase the base rate applied to the main short-term monetary policy operations by 1.0 percentage points to 3.65 percent annually. At the same time, interest rates on overnight loans and deposits will increase by 1.0 percentage points - up to 6.15 and up to 1.15 percent, respectively. The level of required reserves remains unchanged.
During today's meeting, the Inflation Report no.3, 2021 was approved and is to be published next week.
The updated forecast indicated the risk of inflation exceeding the upper limit of the target range in the pro-inflationary context of the pronounced external environment which is marked by the faster-than-expected recovery of the world economy and Moldova's main foreign trade partners, along with persistence of high quotations for oil, raw materials and food.
At the same time, inflationary pressures are supported by aggregate domestic demand, which is fueled by the recovery in household consumption against the backdrop of rising wages in the economy, the volume of new loans and remittances in favor of individuals.
According to operational data for April-May 2021, there are signs of the economic activity recovery at the level up to the pandemic. Compared to May 2019, there is an increase in industrial production (+4.4 percent), turnover in enterprises with main retail activity (+ 24.3 percent) and turnover in services provided to the population (+40.6 percent), as well as the import of goods and services (+13.3 percent).
Thus, the inflationary process will be persistent and will not be temporary. In these circumstances, it is imperative that the authorities work together to synchronize macroeconomic policies, in particular fiscal and monetary policy.
The next monetary policy meeting will take place on 3 September 2021.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
© 2023 National Bank of Moldova
Terms of use