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

  • Sergiu Cioclea, Governor of the National Bank of Moldova

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

  • Ion Sturzu, Deputy Governor of the National Bank of Moldova

    4th Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607.

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Annual inflation

The annual rate of inflationAnnual inflation rate represents the increase of consumer prices during a month this year compared with the same month last year. It is calculated as a ratio (expressed in percentage terms) between the price index during a month this year and price index during the same month last year, calculated on the same basis, minus 100. Statistical surveys on consumer prices are carried out by the National Bureau of Statistics (NBS). NBM sets its inflation target at the level of 5.0 percent annually, calculated based on the consumer price index (inflation rate for the last twelve months – each month of this year compared with the same month of last year), with a possible deviation of ±1.5 percentage points. (Source: Medium-term monetary policy strategy of the NBM. in July 2018 was 3.0 percent.

According to the latest round of forecast, the average annual inflation rate will reach a level of 3.2 percent in 2018 and 4.9 percent in 2019.

Official exchange rates

  • USD 16.6137
  • EUR 18.7993
  • UAH 0.6045
  • RON 4.0395
  • RUB 0.2477
1 USD = 16.6137 MDL
Sorry, there are no data

There are no any obligations for the National Bank of Moldova to execute banking transactions in the foreign currency using these rates. The official foreign currency rates are fixed and used for accounting purposes only. Read more...

NBM Interest rates

05.12.2017 - Today
  • Base rate6.50%
  • Overnight deposits3.50%
  • Overnight credits9.50%

The base rate is approved as the reference rate for the main short-term monetary policy operations. The deposit and lending facility is part of a symmetrical corridor of ± 3 p.p. to the base rate.

The decision was taken based on the updated macroeconomic analysis as well as the assumptions made in the new medium-term inflation forecast round. Disinflationary conditions that are expected to persist through the end of this year have determined keeping the base rate at the current level.

In July 2018, the annual inflation rate recorded 3.0%, decreasing by 0.2 pp. compared to the previous month. In accordance with the previous forecast, the inflation rate records, for the third consecutive month, a level situated below the lower limit of the inflation rate interval of ± 1.5 pp. from the 5.0% target.

The decision was taken following an on-site target inspection of the provider’s activity in the field of electronic money issuance, taking into account the severity and the repeated nature of violations committed by the provider.

Calendar of data dissemination

17.08.2018

Licenced banks of the RM

Licensed banks operate in the market freely and independently from the NBM, the Government and other government authorities. The NBM licenses, supervises and regulates their activity.

Over the next three quarters, the annual inflation rate will follow a downward trajectory and fall below the lower limit of the inflation variability interval, eventually reaching a level of 1.9% in the 4Q 2018. Later, the trajectory will reverse, with inflation returning within its variability interval in the 2Q 2019 and recording 6.5% in the 3Q 2019.

The Central Securities Depository (CSD) began its operation on 31 July 2018. The new institution will be responsible for the registration, bookkeeping and settlement of securities issued by legal entities of the Republic of Moldova.

The fine amounting to 1% of the shareholders' holding in the bank's share capital will be paid to the state budget. The bank operates in normal regime and provides all services, including those related to deposits, lending and settlements operations.

In June 2018, the total amount of net money transfers from abroad made in favour of individuals via licensed banks of the Republic of Moldova amounted to US$ 117.48 million (increasing by 8.5% as against June 2017).

The BC “Moldindconbank” S.A. operates in normal regime and provides the full range of services, including those related to deposits, lending and settlement operations.

Prices of precious metals

  • XAG 8.0308
  • XAU 638.4610
Sorry, there are no prices.

The prices for gold and silver are prices expressed in Moldovan Leu for a gram of fine gold and for a gram of fine silver. More...

In June 2018, the annual inflation rate constituted 3.2%, by 0.4 percentage points higher than in the previous month, and was placed for the second month, according to previously published forecasts, below the lower limit of the variation range of ± 1.5 percentage points from the 5.0% target.

On Thursday, July 5, 2018, the Governor of the National Bank of Moldova (BNM) Sergiu Cioclea held a meeting with the IMF Executive Director Anthony de Lannoy during his visit to Chisinau.

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