Euro dominates the foreign exchange market in cash

The total turnover of purchase / sale transactions against Moldovan lei of the main foreign currencies performed on the foreign exchange cash market in June reached USD 420.8 million, decreasing by 0.7% compared to the previous month and by 2, 6% compared to the same month of the previous year, according to data from the National Bank of Moldova.

In June, foreign exchange purchases from the population increased by 5.3% compared to the previous month, to USD 322 million, and sales decreased by 16.2%, to USD 98.7 million.

Most transactions were made in euros. The share of the single European currency in purchases was 74.7%, and in sales 65.6%. The population has sold the euro despite a fair exchange rate, which has been maintained for a month.

At the same time, the share of the Russian ruble in the total foreign exchange transactions was 1%, and the Romanian leu and the Ukrainian hryvnia accounted for 1.7% and 0.2%, respectively.

The turnover of the cash foreign exchange market includes the totality of the transactions of purchase and sale of the foreign currency against the national currency, carried out by the foreign exchange units, to the services to which the population most often appeals.

The NBM has sufficient reserves to deal with shocks in the foreign exchange market

The National Bank of Moldova claims that it has sufficient foreign exchange reserves to deal with possible shocks on the local foreign exchange market. Currently, the central bank intervenes in the market in the form of purchases against the background of excess currency due to the rising flow of Moldovan migrants.


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