Basel III aims to create a solid basis for regulating the prudential framework, including the capital adequacy and supervisory framework, market discipline, and to develop further the risk management principles and financial stability.

On 4 June 2017, the National Bank of Moldova organizes two concerts on the occasion of its 26^th anniversary. NBM aims to enhance the domestic cultural environment by supporting both young and renown artists.

The key goal of the project was to assist the National Bank of Moldova (NBM) in strengthening its prudential supervision framework through approximation with the practices and standards applicable to the central banks of the EU countries. Also, the project aimed to improve the NBM prudential regulations, oriented to affirmation of a sound and competitive banking sector.

In April 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$ 86.25 million (down by  7.2% as against April 2016).

This decision aims to reduce the inflation range of ± 1.5 percentage points from 5.0 percent inflation target on medium-term, overlapping with the support of saving and lending processes.

This project complies with the NBM strategic objectives, which aims to develop the supervision function of the NBM. Thus, the information solution related to the licensing, authorisation and notification process is a component part of the NBM programme on implementing the Central Risk Monitoring System and is the second component of this Central.

Weighted average interest rate on new loans in national currency granted in April 2017 was 10.63 percent, decreasing by 5.04 percentage points compared to the same period last year.

In April 2017, monetary base increased by MDL 101.3 million (0.3 percent) compared to the previous month and accounted for MDL 33706.2 million.

The Governor of the NBR, Mugur Isărescu, seemed convinced that thanks to this project, the banking sector of the Republic of Moldova is on the right way. In this context, the Head of the NBR made an appeal to banks of Romania to enhance their presence in the Republic of Moldova.

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 National Bank of Moldova has improved the legal framework in the domain of monitoring transactions with the banks’ related persons. The main objective is to mitigate the risks to which the banks may be exposed as a result of engaging in such kind of transactions.

The annual average inflation rate will record the level of 6.8 percent in 2018 and 5.1 percent in 2018, respectively.

In the first quarter of 2017, the total amount of money transfers from abroad made in favour of individuals of the Republic of Moldova amounted to USD 251.77 million. It should be mentioned that a share of 85.3 percent of money transfers were carried out via money transfers systems (only in USD, EUR and RUB) without opening bank accounts, and the rest - via bank transfers (in various currencies).

The beneficiaries of the Twinning Project will be licensed banks and citizens of the Republic of Moldova, who will enjoy a reliable and stable banking system.

During the first quarter of 2017, the banking sector assets continued to increase and the banks became more resistant, being capitalised with a high level of liquidity.

The sanctions were applied for the infringement of the provisions of the Law on financial institutions and of other normative acts of the National Bank of Moldova while carrying out the function of administrator.

In March 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$ 98.05 million (increasing by 6.6% as against March 2016).

The decision aims to maintain the inflation rate close to the target range of 5.0 percent over the medium-term, with a possible deviation of ± 1.5 percentage points.

The implementation of the International Monetary Fund (IMF) program and the progress of the reforms in the banking system were the main topics discussed by the delegation of the Republic of Moldova during the Spring Meetings of the IMF and the World Bank Group. The event took place on 17-23 April 2017 in Washington, D.C..

According to Article 4 of the Law on the National Bank of Moldova, the fundamental objective is to ensure and maintain price stability.