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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;
Telephone: +373 22 822 606.
Vladimir Munteanu, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
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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.
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 supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
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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Strategia privind politica macroprudențială a Băncii Naționale a Moldovei
At the ordinary meeting of the National Committee on Financial Stability held on 15 September 2023, the Strategy on Macroprudential Policy (hereinafter the Strategy) was approved - a document that establishes the operational framework for achieving the objectives of the macroprudential policy, in order to ensure the transparency and predictability of the decision-making process.
The Strategy was developed and approved in accordance with the provisions of Law No. 209/2018 on the National Committee on Financial Stability, as well as based on the recommendations of the European Committee for Systemic Risk (CERS/2011/3 and CERS/2013/1) on the macroprudential mandate of the national authorities and on the intermediate objectives and instruments of macroprudential policy.
The strategy also represents a deliverable of the Twinning project, funded and supported by the European Union, which contributes to strengthening the supervision, corporate governance, and risk management in the financial sector.
In particular, the Strategy describes the national regulatory framework in the area of financial stability, establishes the link between the ultimate objective of macroprudential policy and the intermediate objectives, explains the intervention mechanism, the recommended instruments and the role of the national authorities involved in the decision-making process.
The ultimate objective of macroprudential policy is to safeguard the stability of the financial system as a whole, including strengthening the resilience of the financial system, limiting the contagion effect, and reducing the accumulation of systemic risks, thus ensuring a sustainable contribution of the financial sector to economic growth.
The final objective is achieved through the implementation of intermediate objectives, which are designed to enhance the operability, transparency, and accountability of macroprudential policy by contributing to the decision-making basis at the instrument selection stage.
The Strategy exemplifies the recommended macroprudential instruments according to the intermediate objective pursued and the size of the risk addressed. However, decision-making is not limited to pre-established rules but also includes a discretionary component, allowing competent authorities to ensure a proper selection and calibration of instruments.
It also explains the importance of the independence of macroprudential policy, its interaction with other policies, inter-institutional cooperation, and the channels for communicating decisions to ensure transparency.
A well-defined framework for decision-making is a prerequisite for effective macroprudential policy, while transparency enhances the understanding of macroprudential policy by the financial system and the general public.
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