The activity of the National Bank of Moldova on the foreign exchange market (foreign exchange interventions) is performed in strict compliance with the monetary and foreign exchange policy objectives.

The Executive Board of the National Bank of Moldova (the NBM) has decided to impose penalties under the form of a fine to the members of the Board of Directors of B.C. “VICTORIABANK” S.A. holding office during the period subject to control.

The Parliament has passed today the Law on banking activity in final reading, which will modernize the regulation and supervision standards in the banking system.

The management of the National Bank of Moldova (the NBM) met with the representatives of the National Confederation of Employers of the Republic of Moldova (the NCEM) on 2 October 2017.

Nils Oeyvind Maehle, a Senior Economist with the IMF Monetary and Capital Markets Department, payed a working visit to the National Bank of Moldova (NBM) on September 28-29, 2017.

In January-June 2017, the current account of the balance of payments recorded a deficit of US$ 307.22 million (of which US$ 187.17 in quarter II 2017), which worsened by 77.8 percent as compared to January-June 2016. The capital account registered a deficit of US$ 13.16 million (of which US$ 6.47 million in quarter II 2017) and the financial account recorded a net capital inflow of US$ 162.76 million (of which US$ 111.48 million in quarter II 2017). The international investment position of the Republic of Moldova remained net debit, totaling US$ -3,958.60 million at the end of the quarter II 2017, while the gross external debt of the Republic of Moldova reached US$ 6,549.23 million.

The gross external debt of the Republic of Moldova reached US$ 6,549.23 million at the end of Q II 2017, increasing by US$ 313.99 million (5.0%) as compared to the end of 2016.

The international investment position of the Republic of Moldova recorded a net debit of US$ 3,958.60 million as of 30.06.2017, 11.6 % larger as compared to the end of 2016.

In January-June 2017, the current account of the balance of payments recorded a deficit of US$ 307.22 million (of which US$ 187.17 in quarter II 2017), which worsened by 77.8 percent as compared to January-June 2016. The capital account registered a deficit of US$ 13.16 million (of which US$ 6.47 million in quarter II 2017) and the financial account recorded a net capital inflow of US$ 162.76 million (of which US$ 111.48 million in quarter II 2017).

The decision adopted by the Executive Board of the NBM aims to create real monetary conditions able to maintain the inflation within the range of ± 1.5 percentage points from the 5.0 percent target on medium-term.

In August 2017, 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$ 106.02 million (increasing by 9.5% as against August 2016).

Weighted average interest rate on new loans in national currency granted in August 2017 was 9.76 percent, decreasing by 3.95 percentage points compared to the same period last year. Average interest rate on term deposits attracted in national currency was 5.78 percent, decreasing by 2.46 percentage points compared to August 2016

In August 2017, monetary base increased by MDL 388.0 million (1.1 percent) compared to the previous month and accounted for MDL 36321.9 million.

The activity of the National Bank of Moldova on the foreign exchange market (foreign exchange interventions) is performed in strict compliance with the monetary and foreign exchange policy objectives.

The non-cash foreign exchange market of the Republic of Moldova is determined by the turnover of purchase/sale transactions of the foreign currency that have taken place on different segments of the market, except those performed by the National Bank of Moldova.

The decision adopted by the Executive Board of the NBM aims to create real monetary conditions able to maintain the inflation within the range of ± 1.5 percentage points from the 5.0 percent target on medium-term.

In July 2017, 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$ 105.30 million (increasing by 8.4% as against July 2016).

The signed memorandum opens new opportunities to extend the technical assistance in the banking field and to attract the expertise of the EU central banks.

n July 2017, monetary base increased by MDL 41.9 million (0.1 percent) compared to the previous month and accounted for MDL 35933.9 million.

Weighted average interest rate on new loans in national currency granted in July 2017 was 10.00 percent, decreasing by 4.01 percentage points compared to the same period last year