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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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In February 2023, new term deposits extended1 (Infographic 1) accounted for MDL 3,956.1 million, decreasing by 18.4% compared to January 2023. Deposits attracted in domestic currency recorded a major share of 63.5% and totalled MDL 2,510.5 million, decreasing by 24.7% as compared to the previous month.
Infographic 1. Developments in new extended deposits
The average nominal interest rate on domestic currency deposits decreased by 1.94 percentage points as compared to the previous month and accounted for 11.10%.
The average nominal interest rate on foreign currency deposits decreased by 0.06 percentage points accounting for 2.29%.
In terms of maturity, the highest demand was recorded for deposits with terms from 6 to 12 months, which held a share of 38.5% of total term deposits.
Individuals’ deposits attracted at this term (Infographic 2) accounted for 32.8% of the total of deposits.
Infographic 2. Individuals’ new term deposits
Individuals’ deposits amounted in February 2023 to MDL 2,961.6 million, decreased by 20.2% as compared to the previous month.
In February 2023, legal entities’ deposits (Infographic 3) in domestic currency decreased by 25.8% while those in foreign currencies increased by 15.5% respectively, as compared to the previous month. Legal entities’ deposits in domestic currency accounted for MDL 570.1 million, while those in foreign currency – MDL 415.4 million.
Infographic 3. Legal entities’ new term deposits
The average interest rate on deposits attracted in domestic currency from legal entities decreased by 1.03 percentage points, reaching 7.05%. At the same time, the average interest rate on foreign currency deposits increased by 0.22 percentage points and accounted for 1.48%.
Developments in loan markets in February 2023
1. Data presented according to Instruction on preparation and presentation of reports on interest rates applied by banks in the Republic of Moldova, approved by Decision of the Executive Board of the NBM No 331 of 1 December 2016, Official Monitor of the Republic of Moldova No 441-451 of 16 December 2016, as subsequently amended and supplemented.
2. Individuals performing an activity, in accordance with the Instruction on completion by licensed banks of the Report on monetary statistics, approved by the Decision of the Executive Board of the NBM No 255 of 17 November 2011, Official Monitor of the Republic of Moldova No 206-215 of 2 January 2011, as subsequently amended and supplemented, work in associations without legal personality and are producers of goods and/or services for market, and namely, individual enterprises, farms, entrepreneur license holders, notaries, lawyers, bailiffs, etc.
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