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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 2023, the currency in circulation (M0)1 amounted to MDL 33,014.5 million, decreasing by MDL 1,391.5 million (-4.0%) compared to December 2022 (Chart 1) due to decreasing volume of cumulative releases over the volume of cumulative receipts per banking system2 by MDL 1,391.4 million in January – March 2023.
Chart 1. Correlation of M0 indicator with net releases related to cash operations, MDL million
In January – March 2023, the volume of cash receipts decreased by MDL 274.6 million (-0.7%) compared to the same period of the previous year and amounted to MDL 39,555.1 million.
The decrease in the volume of cash receipts was mainly due to the decrease in receipts from the sale of foreign currency to individuals by MDL 2,163.7 million (-55.2%), amounting to MDL 1,758.9 million, which is the equivalent of USD3 93.3 million (Chart 2).
At the same time, receipts from the sale of consumer goods (regardless of the sales channel) increased by MDL 1,111.2 million (+5.6%) amounting to MDL 20,860.9 million.
The receipts on current and deposit accounts of individuals also had a significant impact, increasing by MDL 855.5 million (+22.5%), accounting for MDL 4,656.2 million.
Chart 2. Main sources of cash receipts in licensed banks vaults and their monthly dynamics
The volume of cash releases from licensed banks vaults in January – March 2023 decreased by MDL 221.3 million (-0.6%) compared to the same period of the previous year and amounted to MDL 38,163.6 million (Chart 3).
Chart 3. Main purposes of cash releases from licensed banks vaults and their monthly dynamics4
This dynamic was mainly due to decreases in releases for other purposes by MDL 1,251.3 million (-19.5%), cash releases in the form of loans to individuals5 by MDL 715.7 million (-59.3%), releases from the accounts of individuals by MDL 612.0 million (-5.9%), as well as releases for work remuneration and social payments by MDL 299.4 (-8.8%).
At the same time, in January – March 2023 ATM withdrawals increased by MDL 1,921.3 million (+22.2%) compared to the same period of the previous year, which amounted to MDL 10,561.4 million, accounting for 27.7% of the total volume of cash withdrawals. There was also a significant increase of MDL 735.9 million (+8.8%) in the volume of cash released for the purchase of foreign currency from individuals, which amounted to MDL 9,140.0 million (equivalent to USD6 485.0 million), accounting for 23.9% of the total volume of cash releases.
1. Currency in circulation (M0) represents circulating cash issued by the National Bank of Moldova, except for cash in banks and NBM vault.
2. Volume of cash operations includes transactions with commemorative coins.
3. Recalculated using the average official exchange rate calculated for the period concerned.
4. 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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