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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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Inflation Report no.2, May 2014
Depending on currency convertibility and regulations in force, the following exchange rates may be identified: market exchange rate and official exchange rate.
Market exchange rate is determined on the foreign exchange market after the confrontation of supply and demand in foreign exchange, it is a free exchange rate that reflects market conditions and may vary throughout the day. It is displayed by financial intermediaries.
Official exchange rate is determined by the central bank and may be closer or further to the exchange rate formed on the foreign exchange market. The exchange rate is used for various settlement operations, evaluations, statistics, reports.
To determine the official exchange rate of MDL against USD, considered as reference currency in the Republic of Moldova, it is used the arithmetic average of the average purchase and sale exchange rate weighted to the spot transactions volume conducted on the foreign exchange market of the Republic of Moldova between 12.30 PM of the previous working day and 12.30 PM of the reporting day.
Example: suppose that the central bank get the following simplified summary of sale and purchase transactions, which were made on the foreign exchange market in the last 24 hours:
Bank |
Volume of transactions carried out |
Exchange rate of the transaction carried out |
||
Purchase |
Sale |
Purchase |
Sale |
|
1 |
30000.00 |
20000.00 |
13.4600 |
13.6000 |
2 |
70000.00 |
15000.00 |
13.4400 |
13.5800 |
3 |
18000.00 |
80000.00 |
13.5801 |
13.4400 |
Official exchange rate of Moldovan Leu against the U.S. dollar will be determined by the following formula:
Official exchange rate of Moldovan Leu against another currency is determined by multiplying the official exchange rate against the U.S. dollar with the cross exchange rate of the respective foreign currency against the U.S. dollar established on the international market at 2:00 PM, Chisinau time.
The basic source used for information on cross exchange rate of foreign currencies against the U.S. dollar as to establish the official exchange rate of Moldovan Leu against these currencies is the information system Bloomberg, Reuters is the alternative system. In case the exchange rates on the international market are not available, the exchange rates available from other reliable sources (for example, the exchange rates set by central banks of the respective countries, fixing exchange rates set at the exchange in the respective states, etc.) are used to calculate the official exchange rate of Moldovan Leu.
Official exchange rate of Moldovan Leu against foreign currencies is set by the National Bank of Moldova on each working day and is available from the next working day. The official exchange rate during weekends (holidays) is the same as in the previous working day.
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