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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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The main monetary policy instruments available to the National Bank pursuant to the regulations in force are: money market operations, interbank market operations, standing facilities and required reserves.
Money market operations of the National Bank of Moldova are conducted following the NBM initiative with eligible participants to manage the liquidity in the market, to target the interest rates and to adjust the monetary policy stance. The National Bank of Moldova conducts open market operations through the following instruments: repo/reverse repo operations against eligible assets; outright transactions (outright SS purchases/sales on the market); credit operations against eligible assets as collateral; issuance of NBM certificates; collection of fixed-term deposits.
Interbank market operations are the foreign exchange interventions conducted in strict correspondence with the foreign exchange policy objectives. The National Bank of Moldova uses as foreign exchange intervention tools direct operations (spot purchases or sales of foreign currency against Moldovan Lei) and fine-tuning operations (foreign exchange swaps), which are reversible instruments and does not impact the monetary aggregates over a long term.
Standing facilities represent the facilities offered by NBM to licensed banks upon their request. NBM offers the overnight credit facility and the overnight deposit facility.
Required reserves represent banks’ funds in Moldovan lei and freely convertible currency (USD and EUR), held on accounts opened with the NBM. The main functions of required reserves held in MDL are the monetary control (in close correlation with liquidity management by the NBM) and the influence of demand for money. The main role of required reserves in freely convertible currency is to mitigate the expansion of foreign exchange loans.
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