In Q II 2016, the current account of the balance of payments recorded a deficit of US$ 92.21 million (down by 27.4 percent as compared to April-June 2015), the capital account registered a negative balance of US$ 11.76 million and the financial account recorded a net inflow of US$ 49.56 million. The international investment position remained net debit totaling US$ -5,805.60 million, while the gross external reached US$ 6,389.72 million.

The gross external debt of the Republic of Moldova recorded US$ 6,389.72 million as of 30.06.2016, decreasing by 0.3 during Q II 2016.

The international investment position of the Republic of Moldova recorded a net debit amounting to US$ 5,805.60 million as of 30.06.2016, which is 0.9 percent larger as compared to the end of Q I 2015.

In Q II 2016, the current account of the balance of payments recorded a deficit of US$ 92.21 million (down by 27.4 percent compared to April-June 2015), the capital account registered a negative balance of US$ 11.76 million and the financial account recorded a net inflow of US$ 49.56 million. 

In September 2016, the annual inflation rate was 3.0 percent for the last twelve months, by 0.6 percentage points lower than the previous month, leaving the lower limit of the range of ± 1.5 percentage points from the 5.0 percent target, after reaching in August the aforementioned range.

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 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.

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.

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.

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.