In January – March 2024 the volume of cumulative cash receipts from banks exceeded the volume of cumulative cash releases in the banking system1 by MDL 65.4 million.
In the reference period, the volume of cumulative cash receipts decreased by MDL 247.0 million (-0.6%) compared to the similar period of the previous year and amounted to MDL 39,308.1 million.
A significant decrease was recorded in cash receipts on current accounts and deposit accounts of individuals – by MDL 672.8 million (-14.5%), in the receipts from payments for rent and utilities – by MDL 658.3 million (-60.0%), as well as for receipts from the sale of foreign currency to individuals – by MDL 421.8 million (-24.0%), amounting to MDL 1,337.1 million, which is the equivalent of USD2 75.4 million.
At the same time, considerable increases were recorded in the cash receipts from sale of consumer goods (regardless of the sales channel) by MDL 1,030.9 million (+4.9 percent), up to the total amount of MDL 21,891.8 million, which represents 55.7 percent of the total volume of receipts (Chart 1). Substantial increases were also recorded for other cash receipts – by MDL 500.9 million (+8.8%) as well as for receipts from businesses that provide other services – by MDL 341.9 million (+12.6%).
Chart 1. Main sources of cash receipts in banks vaults and their monthly dynamics3
[1]
The volume of cash releases from banks in January – March 2024 increased by MDL 1,079.1 million (+2.8%) compared to the same period of the previous year and amounted to MDL 39,242.8 million (Chart 2).
Chart 2. Main purposes of cash releases from banks vaults and their monthly dynamics
[2]
The evolution of the volume of cash releases from banks was determined, on the one hand, by the increase of withdrawals from the ATM by MDL 1,433.1 million (+9.1%), of releases for work remuneration and social payments by MDL 573.6 million (+18.5%), of cash releases in the form of loans to individuals by MDL 291.4 million (+59.2), and on the other hand, by the decrease in the volume of cash released for the purchase of foreign currency from individuals, by MDL 1,479.3 million (-16.2%).
- Statistics [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.