The Governor of the NBM, Sergiu Cioclea, and Alternate Governor for the Republic of Moldova at the EBRD, represented our country at the Annual Meeting of the European Bank for Reconstruction and Development, which took place on 8-10 May 2018 in Jordan.

An international consortium, consisting of three potential acquirers (one international financial institution and two foreign direct investment funds), submitted an official application to the NBM for acquiring 41.09% of shares of the C.B. "Moldova-Agroindbank" S.A., under the conditions provided for by art. 54 of the Law on the administration and transfer of public property.

The annual inflation rate will gradually decrease within the set variation interval, but will return to the target level in the second half of 2019. 

The decision was made on the basis of the updated macroeconomic analysis and of assumptions related to the new medium-term inflation forecasting round.

In the first quarter of 2018, the total amount of money transfers from abroad made in favour of individuals of the Republic of Moldova amounted to USD 297.45 million. It should be mentioned that a share of 83.8 percent of money transfers was carried out via money transfer systems (only in USD, EUR and RUB) without opening bank accounts, while the rest - via bank transfers (in various currencies).

The National Bank of Moldova (NBM) continues to promote the banking sector reforms, which focus on ensuring the transparency of shareholders in order to attract new investors meeting high quality requirements, on establishing solid corporate governance in the banking sector, on identifying bank related parties as well as on recording in timely manner the non-performing loans in the balance sheets of banks.

The Austrian official discussed with the NBM’s Governor, Sergiu Cioclea, and the Deputy Governor, Cristina Harea, the banking sector reforms, the economic situation in the Republic of Moldova, the progress registered in the implementation of the IMF’s program, and the opportunities of investment in the Moldovan commercial banks.

In March 2018, the total amount of net money transfers from abroad made in favour of individuals via licensed banks of the Republic of Moldova amounted to US$ 109.71 million (increasing by 12.0% as against March 2017).

The delegation of the Republic of Moldova, headed by the Minister of Finance, Mr. Octavian Armasu, and the Governor of the NBM, Mr. Sergiu Cioclea, made a visit to Washington to attend the Spring Meetings of the International Monetary Fund (IMF) and of the World Bank Group, which took place on 16-22 April 2018.

In March 2018, weighted average loan interest rate on new loans extended in domestic currency recorded 9.35 percent, having decreased by 1.68 percent compared to the same period of the previous year.

In March 2018, the monetary baseincreased by MDL 1,854.2 million (5.0 percent) compared to the previous month, and amounted to MDL 39,039.9 million. The increase of the monetary base was determined by the growth of one of its counterparts, namely, net domestic assets, which increased by MDL 1,887.4 million (40.1 percent), whereas net foreign assets decreased by MDL 33.2 million (0.1 percent).

In 2017, the current account of the balance of payments recorded a deficit of US$ 616.94 million, which deteriorated 2.2 times as compared to 2016. The capital account registered a deficit of US$ 30.41 million and the financial account recorded a net capital inflow of US$ 569.77 million.

The international investment position of the Republic of Moldova recorded a net debit of US$ 3,954.33 million as of 31.12.2017, 30.3 % larger as compared to the end of 2016.

In  2017, the current account of the balance of payments recorded a deficit of US$ 616.94 million. The capital account registered a deficit of US$ 30.41 million and the financial account recorded a net capital inflow of US$ 569.77 million. The international investment position amounted to US$ -3,954.33 million in 2017, while the gross external debt of the Republic of Moldova reached US$ 6,973.70 million

The gross external debt of the Republic of Moldova reached US$ 6,973.70 million at the end of 2017, increasing by 11.6% as compared to the end of 2016.

The meeting of establishing the Central Securities Depository (CSD) was held today, 29 March 2018. During the meeting, the decision to establish the CSD was adopted, the governing bodies were designated and the establishing acts were approved.

The officials highlighted the privileged relationship between the NBM and the NBR and the support of Romania offered to the Republic of Moldova at international level, especially within the IMF and World Bank constituencies.

In February 2018, the total amount of net money transfers from abroad made in favour of individuals via licensed banks of the Republic of Moldova amounted to US$ 93.48 million (increasing by 18.3% as against February 2017).

A commemorative coin which makes part of the “Red Book of the Republic of Moldova” series, in circulation since March 27, 2018.