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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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The balance of payments of the Republic of Moldova was affected in 2012 by a number of factors, both endogenous and exogenous. The winter frost and the summer drought of 2012, by endamaging agriculture, have influenced the external trade, along with the slumping demand in European countries and the increase in world prices of food and oil.
The current account of the balance of payments recorded a deficit of US$ 495.28 million, 36.9% down as against the previous year, its ratio to GDP reaching 6.8% (11.2% in 2011). Although the trade in goods and services balance was steady, the average export propensity index declined by 1.4 percentage points as compared to 2011, and the average import propensity index – by 1.8 p. p. The total amount of compensation of employees and personal transfers received from abroad increased by 11.6% as against the previous year, its ratio to GDP reaching 24.6%. Dividends paid to foreign investors decreased by 19.3%.
The capital and financial account recorded a surplus of US$ 420.19 million in 2012. The capital account deficit amounted to US$ 33.80 million, driven by permanent emigrants’ transfers abroad. The surplus recorded in the financial account decreased by 37.5%, mainly due to the setback in direct investment.
Capital inflows from abroad were provided mainly by economic agents of other sectors (US$ 765.45 million), mostly in the form of new loans and trade credits.
The international investment position of the Republic of Moldova remained net debit and totaled US$ 5,336.11 million at year-end: external assets amounted to US$ 3,264.01 million, up by 11.7%, and foreign liabilities – to US$ 8,600.12 million, up by 9.8 %, of which US$ 3,447.92 million are liabilities to foreign investors. The stock of foreign liabilities exceeded the stock of assets 2.6 times.
The gross external debt of the Republic of Moldova amounted to U$ 5,983.76 million as of December 31, 2012, growing by 11.7% or to 82.5% of GDP. Public and publicly guaranteed external debt totaled US$ 1,762.56 million, which is 29.5% of the total debt. Private non-guaranteed external debt amounted to US$ 4,221.20 million, of which short-term debt, most vulnerable to external risks, accounted for 45.6%.
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