• Calling days and hours of the governing body of the National Bank of Moldova for citizens.


  • Octavian Armașu, Governor of the National Bank of Moldova

    1st Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606.


  • Vladimir Munteanu, First Deputy Governor of the National Bank of Moldova

    2nd Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606.

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According to preliminary data, in Quarter III, 2022, the current account of the balance of payments recorded a deficit of US$ 618,20 million, the capital account recorded a positive balance amounting to US$ 11,17 million, and the financial account recorded a net capital inflow of US$ 526,46 million. As of 09/30/2022, the international investment position amounted to US$ -5 686,98 million, while the gross external debt totaled US$ 8 885,50 million.

2021 was a year of recovery for Moldova's economy, and at the same time, a year in which the economic situation and not just the economic one, both internationally and domestically, changed dramatically.

The current inflation forecast, compared to the previous inflation report, has been revised downwards for the first two consecutive quarters and for the last quarter of the comparable period and upwards for the rest of the period.

According to preliminary data, in Quarter II, 2022, the current account of the balance of payments recorded a deficit of US$ 441,63 million, the capital account registered a negative balance amounting to US$ 1,65 million, and the financial account recorded a net capital inflow of US$ 465,79 million. As of 06/30/2022, the international investment position amounted to US$ -5 840,94 million, while the gross external debt totaled US$ 8 687,24 million.

The year of 2021 can be considered one of recovery of the national economy after the pandemic crisis and of resumption of activities after the decline in 2020. 

The current inflation forecast relative to that in the previous Inflation Report has been revised upwards through the first quarter of 2023 and downwards for the rest of the comparable period, except for the first quarter of 2024.

According to preliminary data, in Quarter I, 2022, the current account of the balance of payments recorded a deficit of US$ 532,37 million, the capital account registered a negative balance amounting to US$ 7,01 million, and the financial account recorded a net capital inflow of US$ 601,53 million. As of 03/31/2022, the international investment position amounted to US$ -6 115,29 million, while the gross external debt totaled US$ 8 986,79 million.

The annual inflation rate will increase until the third quarter of this year, after which it will follow a downward trend towards the end of the forecast horizon. In the second quarter of 2022, the inflation rate will continue to be above the upper limit of the variation range and will return into the range only in the last quarter of the forecast.

According to preliminary data, in 2021, the current account of the balance of payments recorded a deficit of US$ 1 590,13 million, the capital account registered a negative balance amounting to US$ 50,96 million, and the financial account recorded a net capital inflow of US$ 1 602,58 million. The international investment position amounted to US$ -5 660,97 million as of 12/31/2021, while the gross external debt totaled US$ 9 013,73 million.

In 2020, the current account of the balance of payments of the Republic of Moldova recorded a deficit amounting to US$ 892,51 million. The capital account registered a deficit of US$ 65,67 million and the financial account recorded a net capital inflow amounting to US$ 1 042,13 million. The international investment position recorded US$ -5 428,24 million, while the gross external debt amounted to US$ 8 437,71 million.

The annual rate of core inflation will have an upward trend during the current year, subsequently decreasing continuously until the end of the forecast period

According to preliminary data, in Quarter III, 2021, the current account of the balance of payments recorded a deficit of US$ 400,38 million, the capital account registered a negative balance amounting to US$ 26,63 million, and the financial account recorded a net capital inflow of US$ 368,99 million. The international investment position amounted to US$ -5 692,27 million as of 09/30/2021, while the gross external debt totaled US$ 8 664,18 million.

In 2020, the current account of the balance of payments recorded a deficit of US$ 892,51 million, the capital account registered a negative balance amounting to US$ 65,67 million, and the financial account recorded a net capital inflow of US$ 1 042,13 million. The international investment position amounted to US$ -5 428,24 million as of 12/31/2020, while the gross external debt totaled US$ 8 437,71 million.

The National Bank of Moldova has published the latest Inflation Report of this year. According to it, the average quarterly annual inflation rate increased to 4.9 percent and at the end of last quarter annual inflation was 6.7 percent.

According to preliminary data, in Quarter II, 2021, the current account of the balance of payments recorded a deficit of US$ 506,52 million, the capital account registered a negative balance amounting to US$ 17,96 million, and the financial account recorded a net capital inflow of US$ 486,07 million. The international investment position amounted to US$ -5 643,91 million as of 06/30/2021, while the gross external debt totaled US$ 8 504,91 million.

During 2020, the financial system of the Republic of Moldova showed resilience, the economic and social conditions influenced by the effects of the COVID-19 pandemic being characterized by uneven developments and materializations of risks in the segments of the economy of the Republic of Moldova.

The National Bank of Moldova will continue to carefully monitor the evolution of the consumer price index, the internal and external macroeconomic situation, and at the right time will come with the necessary measures to create monetary conditions to achieve its fundamental objective.

According to preliminary data, in Quarter I, 2021, the current account of the balance of payments recorded a deficit of US$ 341,72 million, the capital account registered a negative balance amounting to US$ 16,20 million, and the financial account recorded a net capital inflow of US$ 346,54 million. The international investment position amounted to US$ -5 375,90 million as of 03/31/2021, while the gross external debt totaled US$ 8 253,89 million.

The year 2020 was an unprecedented year globally, marked by the pandemic crisis generated by COVID-19 with severe repercussions on social-economic life.

The document is a detailed analysis of macroeconomic developments in the internal and external environment and mainly concerns the inflationary process, economic activity and the conduct of monetary policy.

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