In January - July 2023, the volume of cumulative cash receipts in licensed banks decreased by MDL 1,281.9 million compared to the volume of cumulative cash releases in the banking system1.
The volume of cumulative cash receipts in licensed banks in January – July 2023, decreased by MDL 927.4 million (-1.0%) compared to the same period of the last year and amounted to MDL 96,135.3 million. In cumulative receipts, a significant decrease was recorded in receipts from the sale of foreign currency to individuals by MDL 2,972.4 million (-40.8%), amounting to MDL 4,305.4 million, which is the equivalent of USD2 234.8 million (Chart 1). Also, other receipts decreased by MDL 1,167.4 million (-8.7%), as well as the receipts for the payment of loans by MDL 532.2 million (-15.9%).
At the same time, there was a substantial increase in cumulative receipts on current and deposit accounts of individuals by MDL 1,510.4 million (+16.2%), amounting to MDL 10,821.2 million. The receipts from the sale of consumer goods (regardless of the sales channel) also had a significant impact, increasing by MDL 1,504.4 million (+3.0%), amounting to MDL 52,450.8 million.
Chart 1. Main sources of cash receipts in licensed banks vaults and their monthly dynamics
[1]
The volume of cash releases from licensed banks vaults in January – July 2023 increased by MDL 1,042.5 million (+1.1%) compared to the same period of the previous year and amounted to MDL 97,417.2 million (Chart 2).
Chart 2. Main purposes of cash releases from licensed banks vaults and their monthly dynamics3
[2]
This evolution was determined, on the one hand, by the decrease in releases for other purposes by MDL 3,553.6 million (-22.4%), and cash releases in the form of loans to individuals by MDL 1,026.8 million (-38.2%), and on the other hand by the increase in withdrawals from ATMs by MDL 5,781.0 million (+27.5%).
In January - July 2023 cash releases for the purchase of currency from individuals decreased by MDL 221.9 million (-0.9%) up to the level of MDL 24,212.5 million (equivalent to USD4 1,320.3 million).
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Volume of cash operations on the banking system of the Republic of Moldova, January - July 2023 [3]
- Instruction on the compilation by banks of the Report on the volume of cash operations [4]
1. The volume of receipts and releases includes transactions with commemorative coins.
2. Recalculated using the average official exchange rate calculated for the respective period.
3. Aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.
4. Recalculated using the average official exchange rate calculated for the respective period..