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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 National Bank of Moldova has improved the legal framework in the domain of monitoring transactions with the banks’ related persons. The main objective is to mitigate the risks to which the banks may be exposed as a result of engaging in such kind of transactions.
Thus, according to the new provisions of the Law on financial institutions and of the Regulation on bank’s transactions with its related persons, the NBM will perform a more detailed analysis of the above mentioned transactions, of operations reported by banks as well as of those non-reported, in order to identify transactions with related persons, such as operations of lending, of acceptance of deposits and others. These issues are included in the commitments assumed by the National Bank of Moldova towards the International Monetary Fund, following the August 2016 and February 2017 missions.
In order to facilitate the process of identification and assessment of transactions with the bank’s related or possibly related persons, the NBM has developed an internal procedure. Also, the NBM is going to improve the IT systems, which will allow the timely identification, monitoring and analysis of these kind of transactions. These modifications are part of the process of implementation of the risks-based supervision.
Failure to comply with the provisions of the Law on Financial Institution and of the NBM Regulation on bank’s transactions with its related persons may result in penalties stipulated by Article 38 of the Law on financial institutions. These are related to credit transactions, in the case the limits set out in the Regulation are exceeded, by mitigation depending on the case, of the regulated capital with the amounts that exceed the established limits, according to the decision of the Executive Board of the National Bank. In case of ascertainment of infringements pertaining to other types of transactions, with exception of those subject to credit risk, there shall be imposed penalties in accordance with the provisions of the existing legislation.
The banks need to make consolidated efforts in order to develop the internal procedures and policies and to strengthen the internal control system. The aim is to identify in due time the related persons, as well as to ensure compliance with the maximum limits stipulated in the Regulation on bank’s transactions with its related persons.
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