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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 March 2022, the currency in circulation (M0)1 amounted to MDL 30,266.6 million, decreasing by MDL 1,432.0 million (4.5%) compared to December 2021 (Chart no. 1) as a result of exceeding of the volume of cumulative receipts over the volume of cumulative releases per banking system2 by MDL 1,432.0 million in the period of January – March 2022.
Chart no. 1
Correlation of the M0 indicator with the volume of cash operations, million MDL
During January – March 2022, the volume of cash receipts increased by 26.1% compared to the similar period of the previous year and amounted to MDL 39,816.9 million. The increase in the volume of cash receipts was mainly determined by the increase by 13.2% of the receipts from the sale of consumer goods (regardless of the sales channel), which have the largest share (of 49.6%) in the volume of total receipts (Chart no. 2). At the same time, the volume of receipts from the sale of foreign currency to individuals increased 4.0 times, amounting to MDL 3,922.6 million (the equivalent of USD 216.8 million3).
This evolution was supported by the increase of majority sources of cash receipts.
Chart no. 2.
Main sources of cash receipts in licensed banks vaults and their monthly dynamics
At the same time, in March 2022, the volume of cash receipts amounted to MDL 15,528.1 million (+27.4% compared to February 2022 and +30.9% compared to March 2021).
The volume of cash releases from licensed banks vaults in January-March 2022 increased by 19.2% compared to the similar period of the previous year and amounted to MDL 38,384.9 million (Chart no. 3).
Chart no. 3.
Main purposes of cash releases from licensed banks vaults and their monthly dynamics4
This change was mainly determined by the increase of the releases from individuals’5 accounts by MDL 2,968.2 million (40.5%), amounting to MDL 10,298.0 million. Their share increased by 4.1 percentage points and accounted for 26.8% of the total volume of cash releases.
At the same time, the releases to purchase foreign currencies from individuals decreased by 7.4%, amounting to MDL 8,404.1 million (the equivalent of USD 464.5 million6), which represents 21.9% of total releases volume.
It should be noted that releases from ATMs had a significant share of 22.5% of total releases and increased in January - March 2022 by 39.7% compared to the same period of the previous year.
In March 2022, the volume of cash releases amounted to MDL 14,333.3 million, which is less than the volume of cash receipts by MDL 1,194.7 million. Compared to February 2022, cash releases increased by MDL 1,418.3 million or by 11.0%.
1. Currency in circulation (M0) represent circulating cash issued by the National Bank of Moldova, except for cash in banks and NBM vault.
2. The volume of cash operations includes transactions with commemorative coins.
3. Recalculated using the official average exchange rate calculated for that period.
4. The aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.
5. Current, deposit and card accounts are included.
6. Recalculated using the official average exchange rate calculated for that period.
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