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 February 2016, the growth rate of consumer prices index (CPI) for the last 12 months was 10.3 percent, by 3.1 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.

2 March 2016

In January 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$ 58.60 million (down by 16.2% as against January 2015).

The base rate applied on main short-term monetary policy operations decreased by 0.5 percentage points from 19.5 to 19.0 percent annually.

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 January 2016 was 16.08 percent, increasing by 4.48 percentage points compared to the same period last year.

In January 2016, monetary base decreased by MDL 976.3 million (3.3 percent) compared to  December 2015 and accounted for MDL 28712.9 million.

In January 2016, the growth rate of consumer prices index (CPI) for the last 12 months constituted 13.4 percent, by 0.2 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.

According to the current projection, the annual rate of CPI will record a level of 10.1 percent in 2016 and 6.6 percent in 2017.

In 2015, the total amount of money transfers from abroad made in favour of individuals via authorized banks of the Republic of Moldova amounted to US$ 1,129.36 million.

In 2015, 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$ 1,129.36 million (down by 30.0 % as against 2014).

This decision is aimed at anchoring inflation expectations by bringing and maintaining inflation close to the target of 5.0 percent in the medium term, with a possible deviation of ±1.5 points percentage, in a manner that help to take lending and saving process forward.

The total assets of the sector (except BC „BANCA SOCIALĂ” S.A., Banca de Economii S.A. and BC ”UNIBANK” SA.) were MDL 69,095.6 million, increasing by MDL 9,117.0 million (15.2 percent) compared with the end of the previous year.

Weighted average interest rate on new loans in national currency granted in December 2015 was 15.58 percent, increasing by 4.63 percentage points compared to the same period last year.

The second meeting of the Steering Committee of Twinning Project on strengthening the National Bank of Moldova's capacity in the field of banking regulation and supervision in the context of EU requirements took place on 22 January 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.

In December 2015, monetary base increased by MDL 419.7 million (1.4 percent) compared to November 2015 and accounted for MDL 29689.1 million.

During the first nine months of 2015, the external sector of the Republic of Moldova was marked by the economic downswing recorded by the main CIS partners (Russian Federation and Ukraine), which had a substantial impact on exports, as well as on personal remittances.