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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 reforms carried out during the last three years in the banking sector of the Republic of Moldova are appreciated positively by the IMF. This is mentioned in the press release issued by the institution on 11 March 2020, after the IMF Executive Board completed the sixth and final review of Moldova's under Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements.
„Moldovan authorities completed successfully the three-year program with the support of the International Monetary Fund”, as mentioned in the press release.
The IMF Executive Board qualified the reforms in the banking sector as comprehensive ones, which aimed largely the program of our country with this international institution, noting the rehabilitation of the banking system and strengthening the financial sector governance, entrenching the macro-financial stability.
Thus, the IMF officials mentioned that significant progress has been achieved in reforming the banking sector, including by securing bank shareholder, improved supervisory and regulatory frameworks, and strengthening financial safety nets. At the same time, the IMF Board characterized appropriate the National Bank of Moldova’s inflation-targeting and underlined the importance of the NBM’s independence to fulfill its mandates of maintaining price and financial sector stability.
„Most of commitments assumed by the Republic of Moldova within the IMF agreement referred to the banking sector. Thus, the NBM has embarked upon an ample process of reforms that focused on the compliance with high standards of integrity, impartiality, professionalism and responsibility. Only in this way we can improve continuously the banks’ administration mechanism and their shareholder transparency, for ensuring the functioning of an efficient, credible and stable sector”, states the NBM Governor, Octavian Armașu.
The Moldova’s three-year program was approved on 7 November 2016. The funding took place through two credit instruments: Extended Credit Facility (ECF) and Extended Fund Facility (EFF), for a total amount of SDR 129.4 million (about USD 178.7 million).
IMF press release: https://www.imf.org/en/News/Articles/2020/03/11/pr2085-moldova-imf-executive-board-completes-sixth-and-final-review-of-ecf-and-eff
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