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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.
Note: The translation is unofficial, for information purpose only
Published in the Official Monitor of the Republic of Moldova nr. 181-189 Article 1082 of 09.06.2017
NATIONAL BANK OF MOLDOVA
EXECUTIVE BOARD
DECISION
nr. 142 from 02 June 2017
On the designation of systems that fall under the Law no. 183 of 22 July 2016 on the settlement finality in payment and financial instruments settlement systems
(in force since 9 June 2017)
Pursuant to Article 13(1) of Law no. 183 of 22 July 2016 on the Settlement Finality in Payment and Financial Instruments Settlement Systems (Official Monitor of the Republic of Moldova, 2016, no. 306-313, Article 653), with further amendments and addenda, Articles 5(1) letter f), 11(1), 491(2) letter b) of Law no. 548-XIII of 21 July 1995 on the National Bank of Moldova (republished in the Official Monitor of the Republic of Moldova, 2015, no. 297-300, Article 544), with further amendments and addenda, the Executive Board of the National Bank of Moldova
DECIDES:
To designate as system that falls under the Law no. 183 of 22 July 2016 on the Settlement Finality in Payment and Financial Instruments Settlement Systems:
a) Automated Interbank Payment System (AIPS), consisting of the Real-time Gross Settlement System (RTGS system) and the Designated-time Net Settlement System (DNS system), owned and managed by the National Bank of Moldova;
b) Securities Book-Entry System (SBES) that is a depositing and settlement system of financial instruments issued by the Ministry of Finance of the Republic of Moldova and the National Bank of Moldova, owned and managed by the National Bank of Moldova.
Chairman
of the Executive Board
Sergiu CIOCLEA
