Welcome to the official website of the National Bank of Moldova!
×
Do you have good eyesight and want to turn this tool off?
Do you have good eyesight and want to turn this tool off?
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.
Welcome to the official website of the National Bank of Moldova!
If you want to send a message (question or suggestion) on-line, go to section "Feedback" from the main menu at the top of the website.
You can choose one of the most popular reports from the list:
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.
The website www.bnm.md prioritizes data security and uses cookies to enhance the browsing experience and user comfort. Accepting the use of cookies increases the page's working speed and ensures the normal functioning of the information presentation modules. Refusing the use of cookies can slow down the site's loading and hinder smooth navigation between pages. More details in the Cookie Usage Policy.
In 2013, the revival of the international relations of the
The current account deficit of the balance of payments to GDP ratio recorded 5.0 percent in 2013 compared to 7.4 percent in 2012. The trade in goods and services deficit related to GDP decreased by 2.8 percentage points down to 37.2 percent compared to 40.0 percent in the previous year.
A number of macroeconomic indicators show improvement of the situation in external trade in goods and services during 2013 compared to the previous year (Table 1). The average propensity to export has increased by 0.4 percentage points, while the propensity to import remained high, but showed a tendency to decrease - by 2.4 percentage points. Import penetration index decreased by 0.6 percentage points in the reporting year. Coverage of imports of goods and services by exports improved, this index was 53.8 percent, by 2.0 percentage points up as against the previous year and represents the highest level in the last eight years. Compensation of employees inflow and personal transfers received from abroad by residents have increased: during the last five years this volume increased 1.7 times and against the previous year – by 10.7 percent. The amount of compensation for employees and personal transfers received in 2013, related to GDP was 24.9 percent.
Financial and capital flows recorded net inflow in the national economy in the amount of USD 330.32 million, down by 27.1 percent from the previous year. Net outflow of direct investment abroad mainly in the form of investment of local investors in the equity capital of foreign companies increased by USD 9.10 million, up to USD 28.88 million. Net inflow of foreign direct investment in the national economy amounted to USD 236.30 million, increasing by 21.1 percent, out of which investments in equity capital – USD 160.32 million – rose by 10.9 percent. Net inflow of direct investment, including in the national economy, taken together with those abroad, relative to GDP – called the direct investment intensity - was 3.3 percent in 2013 against 2.9 percent in the previous year.
Official reserve assets have increased over the last 5 years with an accelerated pace, their stock rose by 90.5 percent by the end of 2013 compared to 12.31.2009. In 2013, due to the actual transactions, the official reserve assets increased by USD 282.05 million (valued at the daily exchange rate). Exchange rate fluctuations of original currencies against the US dollar influenced the increase of reserve assets stock by USD 31.78 million, but changes in monetary gold and securities prices determined the decrease by USD 8.20 million. As a result, the reserve assets stock amounted to USD 2,820.63 million as at the end of the reporting period, which covers 5.3 months of imports of goods and services. The stock of official reserve assets to short-term external debt ratio was 121.2 percent.
International Investment Position of the Republic of Moldova as of 12.31.2013 remained net debit and constituted USD 5,326.64 million, increasing by 5.1 percent compared to the end of previous year: foreign assets totalling USD 4,054.31 million, rising by 13.6 percent and liabilities – USD 9,380.95 million, up by 8.6 percent. The stock of liabilities to non-residents exceeds 2.3 times the stock of external claims, which shows a slight improvement compared to the end of 2012, when this ratio was 2.4 times. The stock of liabilities to direct foreign investors amounted to USD 3,614.53 million by December 31, 2013, or 38.5 percent of total liabilities, its ratio to GDP reached 45.4 percent. Foreign direct investment stock per capita constituted USD 1,016 as at the end of 2013.
Gross external debt of the
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
© 2023 National Bank of Moldova
Terms of use