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 Law on the issuance of government bonds for execution by the Ministry of Finance of the payment obligations derived from state guarantees no. 807 of 17 November 2014 and no. 101 of 1 April 2015 has been published in the Official Monitor of the Republic of Moldova.

In August 2016, 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$ 96.99 million (increasing by 18.4% as against August 2015).

The base rate applied on main short-term monetary policy operations decreased by 0.5 percentage points from 10.0 to 9.5 percent annually.

The National Bank of Moldova has received its second formal progress briefing from Kroll on its continuing investigation of a large scale fraud in the Moldovan banking sector. 

On 22.09.2016 and 23.09.2016, the National Bank confirmed Mr Andrei Cojocaru and Mr. and Ion Prisăcaru as members of the Board of B.C. "VICTORIABANK". Thus, the Board of B.C. "VICTORIABANK" S.A. is functional and can operate in normal regime.

National Bank of Moldova makes available certain available information on emergency loans used by Banca de Economii S.A., BC "BANCA SOCIALĂ" S.A. and B.C. "UNIBANK" S.A. and on the recovery of funds by these banks during special administration and liquidation processes.

In August 2016, monetary base increased by MDL 1133.4 million (3.7 percent) compared to July 2016 and accounted for MDL 32034.2 million.

Weighted average interest rate on new loans in national currency granted in August 2016 was 13.70 percent, decreasing by 0.84 percentage points compared to the same period of last year.

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 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.

In August 2016, the growth rate of consumer prices index (CPI) for the last 12 months was 3.6 percent, by 3.4 percentage points less compared to the previous month. After 18 months of stay outside the range, it returned within the range of ± 1.5 percentage points from 5.0 percent target.

In July 2016, the total amount of net money transfers from abroad made in favour of individuals via authorized banks of the Republic of Moldova amounted to US$ 97.28 million (down by 13.3% as against July 2015).

The base rate applied on main short-term monetary policy operations is maintained at the current level of 10.0 percent annually.

In July 2016, monetary base increased by MDL 934.5 million (3.1 percent) compared to June 2016 and accounted for MDL 30900.8 million.

Weighted average interest rate on new loans in national currency granted in July 2016 was 14.00 percent, decreasing by 0.37 percentage points compared to the same period of last year.

Commemorative coin from the series „Historical Events ”, in circulation since August 15, 2016.

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

According to the current projection, the annual average CPI inflation rate will record a downward trend until the end of 2016, being followed by a stabilization around the target. On average, inflation will reach the level of 6.7 percent this year and 4.4 percent in 2017.

In July 2016, consumer prices index (CPI) for the last 12 months constituted 7.0 percent, decreasing by 0.4 percentage points versus the previous month, continuing to exceed the upper limit of the range of variation of ± 1.5 percentage points from 5.0 percent inflation target.