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Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
The registration of applicants for an audience is carried out based on a written request on the subject addressed.
Anca Dragu, Governor
1st Wednesday of the month: 14.00-16.00.
Petru Rotaru, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00.
Mihnea Constantinescu, Deputy Governor
5th Wednesday of the month: 14.00-16.00.
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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
Financial stability is achieved by strengthening the resilience of the financial system, limiting the contagion effect and reducing the accumulation of systemic risks, thus contributing to the sustainability of the financial sector and economic growth.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
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Raport asupra inflației nr.3, august 2013
Ciclul de afaceri reprezintă în sine mişcările ascendente şi descendente ale nivelului PIB şi se referă la perioadele de expansiune şi contracţie a nivelului activităţii economice, în jurul tendinţei de creştere pe termen lung. Fluctuaţiile menţionate, de obicei, implică schimbarea perioadelor de creştere rapidă (expansiune) pe perioade de stagnare sau declin (recesiune).
Ciclurile de afaceri, de obicei, sunt măsurate prin intermediul considerării ratei de creştere al PIB real, iar fluctuaţiile activităţii economice nu sunt apariţii periodice sau mecanice. Datorită ajustării lente a rigidităţilor nominale se fac posibile ciclurile economice, astfel încât discrepanţele monetare ce pot afecta doar cererea cauzează fluctuaţii în activitatea economică. Fluctuaţiile pot fi explicate prin intermediul funcţionării pieţelor, care nu sunt lipsite de imperfecţiuni şi asimetrii. Şocurile ce pot avea impact asupra declanşării ciclurilor de afaceri sunt şocurile tehnologice, iar fluctuaţiile agregate sunt generate de deciziile optimale ale agenţilor economici şi ale gospodăriilor.
Ciclurile de afaceri prezintă în sine deviaţii ale producţiei reale de la trendul său pe termen lung.
Variabilele macroeconomice pot avea mai multe tipuri de acţiuni asupra ciclurilor de afaceri. Clasificarea variabilelor macroeconomice în raport cu relaţia acestora cu ciclurile de afaceri are următoarea formă:
Tabelul nr.1. Relaţia variabilelor macroeconomice cu ciclurile de afaceri
|
Variabila |
Direcţia |
|
Producere Producţia industrială Bunurile industriale durabile sunt mai volatile faţă de bunurile şi serviciile de consum curent |
Prociclic |
|
Cheltuieli
Investiţiile sunt mai volatile decât consumul |
Prociclic
|
|
Variabilele pieţei muncii
|
Prociclic |
|
Masa monetară şi inflaţia
|
Prociclic |
|
Variabile Financiare
|
Prociclic |
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MD-2005, Chisinau, Republic of Moldova.
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