In January – September 2024 the volume of cumulative cash releases from banks vaults exceeded the volume of cumulative cash receipts in the banking system1 by MDL 4,023.7 million.
In the reference period, the volume of cumulative cash receipts increased by MDL 1,382.0 million (+1.1%) compared to the similar period of the previous year and amounted to MDL 129,569.1 million.
A significant increase was recorded in the cash receipts from the sale of consumer goods (regardless of the sales channel) by MDL 5,707.3 million (+8.1%) up to the total amount of MDL 76,153.8 million, which represents 58.8 percent of the total volume of receipts (Chart 1). Substantial increases were also recorded for other cash receipts2 – by MDL 1,231.9 million (+7.5%), as well as for receipts from businesses that provide other services – by MDL 445.7 million (+4.2%).
At the same time, in January – September 2024, considerable decreases were recorded in cash receipts on current accounts and deposit accounts of individuals – by MDL 2,472.1 million (-17.6%), in cash receipts from payments for rent and utilities – by MDL 1,959.4 million ( 64.4%), as well as for receipts from the sale of foreign currency to individuals – by MDL 1,335.5 million (-23.6%), amounting to MDL 4,328.5 million, which is the equivalent of USD3 244.5 million.
Chart 1. Main sources of cash receipts in banks vaults and their monthly dynamics4
The volume of cash releases from banks vaults in January – September 2024 increased by MDL 3,845.2 million (+3.0%) compared to the same period of the previous year and amounted to MDL 133,592.7 million (Chart 2).
Chart 2. Main purposes of cash releases from banks vaults and their monthly dynamics5
A major impact on the evolution of the total volume of cash releases from banks vaults was determined, on the one hand, by the increase of withdrawals from the ATM by MDL 4,148.8 million (+7.9%), of releases for work remuneration and social payments by MDL 1,117.8 million (+10.8%), of releases in the form of loans to individuals by MDL 981.5 million (+40.8%), of releases for other purposes by MDL 923,6 million (+5,5%), and on the other hand, by the decrease in the volume of cash releases for the purchase of foreign currency from individuals, by MDL 2,621.6 million (-8.2%) and of cash releases from the individuals’ accounts, by MDL 704,8 million (-4.5%).
1. The volume of receipts and releases includes transactions with commemorative coins.
2. Includes "Receipts from entertainment companies", "Receipts from enterprises of the National Regulatory Agency for Electronic Communications and Information Technology of the Republic of Moldova", "Receipts from foreign exchange transactions with settlement documents", "Receipts from the sale of all types of securities", "Receipts from the sale of real estate" and "Other receipts" as detailed in Article 6, symbol 15 of the Instruction on the preparation by banks of the Report on the volume of cash operations, 256/2011.
3. Recalculated using the average official exchange rate calculated for the respective period.
4. Aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.
5. Releases for work remuneration and social payments = "Salary releases" + "Scholarship releases" + "Releases for other expenses not included in salaries and social payments" + "Releases for the payment of pensions, allowances and insurance indemnities";
Releases from accounts of individuals = "Cash withdrawals from current accounts and deposit accounts" + "Cash withdrawals from card accounts";
Releases for other purposes = "Releases for the purchase of agricultural products" + " Releases of supplies to enterprises of The National Regulatory Agency for Electronic Communications and Information Technology of the Republic of Moldova" + "Releases for the payment of dividends, income, amortization and purchase of all types of securities" + "Releases for foreign exchange transactions based on settlement documents" + "Releases for the lease of rooms, as well as for the lease of land and other agricultural property" + "Refunds of payments into the statutory fund and temporary financial assistance" + "Releases for other purposes" as detailed in Article 6, symbol 40 of the Instruction on the preparation by banks of the Report on the volume of cash operations, 256/2011.
