In January - November 2023 the volume of cumulative cash releases from vaults of the banks exceeded the volume of cumulative cash receipts in the banking system1 by MDL 2,393.1 million.
The volume of cumulative cash receipts in banks in January – November 2023, decreased by MDL 630.0 million compared to the same period of the last year and amounted to MDL 156,205.9 million.
Within cumulative receipts there was a significant decrease in receipts from the sale of foreign currency to individuals – down by MDL 3,412.8 million (-33.8%) to MDL 6,696.3 million, which is the equivalent of USD2 367.8 million (Chart 1). Also, the receipts from the sale of consumer goods, regardless of the sales channel, decreased by MDL 2,156.0 million (-2.5%), and receipts for the payment of loans declined by MDL 597.8 million (-11.3%).
At the same time, there was a substantial increase in other receipts by MDL 4,393.9 million (+21.4%). Also, receipts from enterprises providing other services rose by MDL 667.5 million (+5.5%), the receipts from payment for rent and communal services increased by MDL 501.8 million (+19.1%), and the receipts on current and deposit accounts of individuals increased by MDL 489.4 million (+3.0%).
Chart 1. Main sources of cash receipts in banks vaults and their monthly dynamics
[1]
The volume of cash releases from banks vaults in January – November 2023 increased by MDL 765.3 million (+0.5%) compared to the same period of the previous year and amounted to MDL 158,599.0 million (Chart 2).
Chart 2. Main purposes of cash releases from banks vaults and their monthly dynamics3
[2]
This evolution of cash releases was determined, on the one hand, by the increase in withdrawals from ATMs by MDL 10,739.7 million (+19.9%), and on the other hand, by decreases in releases for other purposes by MDL 5,014.7 million (-19.2%), purchases of foreign currency from individuals by MDL 4,363.8 million (-10.3%), and cash releases in the form of loans to individuals by MDL 424.7 million (-12.6%).
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Volume of cash operations on the banking system of the Republic of Moldova, January - November 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.