In January 2023, the currency in circulation (M0)  amounted to MDL 33,291.5 million, decreasing by MDL -1,114.4 million (3.2%) compared to December 2022.

This decision is adopted from the perspective of ensuring the continuity of stimulus measures in the context of the monetary policy relaxation cycle started at the end of the previous year amid well-founded premises associated with the creation of a disinflationary macroeconomic framework.

In December 2022, the monetary base   increased by MDL 583.4 million (0.8%) compared to the previous month and amounted to MDL 74,979.6 million, being 30.3% higher than in the similar period of the previous year.

In December 2022, the currency in circulation (M0)  amounted to MDL 34,406.0 million, increasing by MDL 2,694.5 million (8.5%) compared to December 2021.

In December 2022, new loans extended1 by banks totalled MDL 4,378.3 million, decreasing by 6.9% compared to December 2021.

The Decision of the NBM to resume monetary policy relaxation measures is conditioned by confirming the accuracy of the latest forecast of the National Bank of Moldova and the related disinflationary trend.

The Executive Board of the National Bank of Moldova (NBM) set the rate of the countercyclical capital buffer (CCyB) applied to credit exposures situated in the Republic of Moldova, based on the CCyB guide calculated as of the 3rd quarter of 2022.

The Executive Board of the National Bank of Moldova (NBM) has decided to maintain the systemic risk buffer rate, on an individual basis, for all banks, at the level of 1% of the total amount of the risk exposures located in the Republic of Moldova.

In order to ensure the stability of the banking sector and considering the cautious assessment of the significant geopolitical, energy, inflationary, and macroeconomic risks, the National Bank of Moldova has established priorities in terms of supervision.

In 2021, the current account of the balance of payments of the Republic of Moldova recorded a deficit amounting to US$ 1 699,35 million. The capital account registered a deficit of US$ 51,02 million and the financial account recorded a net capital inflow amounting to US$ 1 715,57 million. The international investment position recorded US$ -5 218,42 million, while the gross external debt amounted to US$ 8 765,61 million.

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.

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.