​CURRENCY SUPPLY WAS ONE-THIRD HIGHER THAN DEMAND IN SEPTEMBER

The net demand for foreign currency from economic agents was 130.3% covered by its supply from individuals against 159.5% in August.

According to the National Bank of Moldova (NBM), a certain decline in currency surplus is conditioned by the decline in net supply of foreign currency from physical persons by US$26.3 million (12.1%) at growth in the net demand from economic agents by US$10.4 million (7.6%).

In conditions of currency excess, the NBM has conducted interventions in the internal interbank currency market in the form of buying US$63 million (-US$31.4 million). As a result, the average exchange rate of the Moldovan leu against the US dollar has slightly depreciated in comparison to August – by 0.1% – to 19.7850, while the rate, registered in end-September has demonstrated an opposite trend in the similar proportion.

The largest share in the currency structure of the foreign currency net supply still belongs to the Euro – 66.1% (6.3%), US dollars – 21.3% (+6.4%) and Russian rubles – 11% (did not change).