CURRENCY SUPPLY COVERED 116.3% OF ITS DEMAND IN APRIL

The net demand from Moldovan economic agents for currency in April was covered by its supply from physical persons by 116.3% against 103% in March. This is the highest rate year to date.

According to the National Bank of Moldova (NBM), the net supply of foreign currency from physical persons fell by US$11.3 million (7.6%), while net demand from economic agents - even by US$26.2 million (18.1%).

In conditions of currency excess, the NBM has conducted interventions in the form of its purchase at the internal interbank market worth US$9.5 million. In such conditions, the national leu currency strengthened by 2% against the US dollar - to 19.3527 lei in April from 19.7494 lei in March.

The largest share in the structure of foreign currency net supply still belongs to the Euro - 65.8%, though in comparison to April 2016, it fell by 3.3%. The second is the Russian ruble - 16.3% (+5.7%), pushing the US dollar to the third position - 16.1% (-2.8%).