National Bank of Moldova's activity on the interbank market in August 2016

The activity of the National Bank of Moldova on the foreign exchange market (foreign exchange interventions) is performed in strict compliance with the monetary and foreign exchange policy objectives. The National Bank uses, as foreign exchange intervention tools, both direct operations (spot purchases or sales of foreign currency against Moldovan Lei), which influence the money supply, as well as fine-tuning operations (currency swaps), which are reversible instruments and does not influence the money supply in long term.

Operations are reflected at the transaction date. The US dollars equivalent is calculated using the average exchange rates of Moldovan Leu against the US dollar and the other foreign currency, accordingly. The information regarding the activity of the NBM on foreign exchange market is published on a monthly basis until the last day of the next reporting month. The methodology of calculating the amount of SWAP operations – daily weighted average, based on the maturity of the SWAP operation (number of days). Example: A SWAP transaction of 10 mil. USD with a term of 15 days in a 30 calendar days’ month is reflected as an amount of 5 mil. USD. The currencies are recalculated using average monthly exchange rates..

SPOT operations

USD equivalent*USD equivalentThe currencies are recalculated using average monthly exchange rates.

thousand US Dollars

*The US dollars equivalent is calculated using the average exchange rates.
** Including purchase transactions USD/MDL (Spot)  in an amount of 27.8 thousand USD with the banks in undergoing liquidation.
*** Purchase transactions EUR/MDL (Spot) with the banks in undergoing liquidation (equivalent of 40.0  thousand EUR).

NBM has not performed any swap or forward operations.

Statistics [1]