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.

Weighted average interest rate on new loans in national currency granted in June 2016 was 14.15 percent, increasing by 0.24 percentage points compared to the same period of the previous year.

In June 2016, monetary base increased by MDL 104.2 million (0.4 percent) compared to May 2016 and accounted for MDL 29966.4 million.

In Q I 2016, the current account of the balance of payments recorded a deficit of US$ 104.67 million (down by 26.5 percent as compared to January-March 2015), the capital account registered a negative balance of US$ 11.12 million and the financial account recorded a net inflow of US$ 69.88 million. The international investment position of the Republic of Moldova remained net debit totaling US$ -5,831.37 million, while the gross external debt of the Republic of Moldova reached US$ 6,399.63 million.

The gross external debt of the Republic of Moldova recorded US$ 6,399.63 million as of 31.03.2016, increasing by 1.0% during Q I 2016.

The international investment position of the Republic of Moldova remained net debit and amounted to US$ -5,831.37 million as of 31.03.2016, which is 2.1 percent less as compared to the end of 2015.

In Q I 2016, the current account of the balance of payments recorded a deficit of US$ 104.67 million (down by 26.5 percent compared to January-March 2015), the capital account registered a negative balance of US$ 11.12 million and the financial account recorded a net inflow of US$ 69.88 million. 

In June 2016, the growth rate of consumer prices index (CPI) for the last 12 months was 7.4 percent, by 0.5 percentage points less compared to the previous month, remaining further on the upper limit of the range of ± 1.5 percentage points from 5.0 percent target.

On 1 July 2016, the project of the National Bank of Moldova on Credit Risk Register reached the experimental exploitation phase, which will last for 40 days.

The base rate applied on main short-term monetary policy operations decreased by 3.0 percentage points from 13.0 to 10.0 percent annually.

The diagnostic studies have not detected risks for the financial stability of banks, but identified areas to be strengthened related to the corporate governance and internal control system, transparency of shareholders and affiliated persons and of the lending activity.

In May 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$ 88.46 million (down by 10.9% as against May 2015).

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

Weighted average interest rate on new loans in national currency granted in May 2016 was 15.23 percent, increasing by 1.38 percentage points compared to the same period last year.

In May 2016, monetary base increased by MDL 426.3 million (1.5 percent)compared to April 2016 and accounted for MDL 29862.2 million.

On June 10, 2016 the Law no.94 of May 13, 2016 for amending and supplementing the Law on foreign exchange regulation no.62-XVI of March 21, 2008 was published in the Official Monitor of the Republic of Moldova no.157-162.

In May 2016, the growth rate of consumer prices index (CPI) for the last 12 months was 7.9 percent, by 0.4 percentage points less compared to the previous month, remaining further on the upper limit of the range of ± 1.5 percentage points from 5.0 percent target.

14.06.2016

To the attention of „Garant-Grup LLC”.

The creation of the central risk monitoring system will provide the National Bank of Moldova with the capacity required to assess and monitor the information in real time submitted by licenced banks, in order to assess the risk of credit, non-transparent structure of shareholders and the risk of money laundering and terrorist financing.

In April 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$ 93.10 million (down by 3.2% as against April 2015).