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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 Executive Board of the National Bank of Moldova (NBM) decided unanimously in today’s meeting to maintain unchanged the values of the main monetary policy instruments. Thus, the base rate applied to the main short-term monetary policy operations continues to be at the level of 3.25 percent annually.
At the same time, interest rates on overnight loans and deposits remain unchanged at the level of 6.25 percent and 0.25 percent annually, respectively.
At the same level remains the required reserves ratio of funds attracted in Moldovan lei and in non-convertible currency - 34.0 percent of the calculation base, as well as the required reserves ratio of funds attracted in freely convertible currency remains at the level of 21.0 percent of the calculation base.
This decision reflects the continuity of the NBM’s previous decisions, which creates monetary conditions for lending to the economy. Thus, the base rate remains incentive and supports the macroeconomic framework, which has an acute importance, especially in the situation of an economic crisis caused by the Covid-19 pandemic.
The events that emerged after the NBM’s previous round of forecasting confirmed its veracity, the assumptions and risks presented by the central bank.
The disinflationary pressures will continue to persist, but will be lower in the medium-term.
The pronounced decline in oil prices and, at the same time, the increase in international food prices this year will generally determine a similar inflation to that anticipated.
The NBM will continue to monitor the macroeconomic situation caused by the pandemic implications and in due course, without prejudice to its fundamental objective - to ensure price stability - will come up with the necessary measures to maintain a sufficient liquidity level of licensed banks in support of a viable and stable banking system.
The next meeting of the NBM Executive Board on monetary policy will take place on 31 July 2020, according to the published schedule.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
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