Analysis of the volume of cash operations in domestic currency for January – September 2023

In January - September 2023, the volume of cumulative cash releases from bank vaults exceeded the volume of cumulative cash receipts in the banking system¹ by MDL 1,560.5 million.

The volume of cumulative cash receipts in licensed banks in January – September 2023, decreased by MDL 382.4 million (-0.3%) compared to the same period of the last year and amounted to MDL 128,187.1 million.

Cumulative receipts showed a significant decrease in receipts from the sale of foreign currency to individuals by MDL 3,091.7 million (-35.3%), amounting to MDL 5,664.0 million, which is the equivalent of USD² 310.6 million (Chart 1). Also, receipts for payment of loans decreased by MDL 583.6 million (-13.4%), as well as the receipts for the taxes and fees by MDL 250.4 million (-16.8%).

At the same time, there was a substantial increase for the other receipts by MDL 1,223.3 million (+7.3%), the receipts on current and deposit accounts of individuals by MDL 1,208.0 million (+9.4%). Also, receipts of payment for rent and communal increased by MDL 788.8 million (+36.6%).

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 – September 2023 increased by MDL 1,823.7 million (+1.4%) compared to the same period of the previous year and amounted to MDL 129,747.6 million (Chart 2). [1]

Chart 2. Main purposes of cash releases from licensed banks vaults and their monthly dynamics³ [1]

[2]

This evolution was determined, on the one hand, by the increase in withdrawals from ATMs by MDL 9,829.8 million (+23.0%), and on the other hand, by the decrease in releases for other purposes by MDL 4,586.2 million (-21.5%), in cash releases for the purchase of foreign currency from individuals by MDL 2,470.5 million (-7.2%) and cash releases in the form of loans to individuals by MDL 749.2 million (-23.7%). [2]

• Volume of cash operations on the banking system of the Republic of Moldova, January - September 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.