In April 2025, Moldova’s monetary base posted a modest monthly increase but remained below its level from a year earlier. Official data show the monetary base rose by 1.38 billion lei (+1.7%) from March, reaching 80.56 billion lei, bani.md reports.
Cash in Circulation and Money Supply Continue to Grow
The M0 aggregate, which reflects actual cash in circulation, increased by 2.4% to 45.4 billion lei. Compared to April 2024, M0 grew by 17.1%, indicating a notable rise in liquidity.
M1—which includes M0 and overnight deposits—rose to 98.2 billion lei, up 2.4% from March and 14.4% year-on-year.
M2, which adds term deposits in lei to M1, climbed to 130.76 billion lei. It marks a 2.0% monthly increase and a 14.0% annual rise.
FOR THE MOSTÂ IMPORTANT NEWS, FOLLOW US ONÂ TWITTER!Â
M3, the broadest measure (M2 plus foreign currency deposits), reached 173.29 billion lei, up 1.4% from March and 12.0% from April 2024.
Deposits Shift Toward National Currency
Deposits in lei increased by 1.42 billion lei in April, totaling 85.36 billion lei and making up 66.7% of all deposits. In contrast, deposits in foreign currency (converted to lei) fell slightly by 145 million lei, down to 42.53 billion lei, or 33.3% of the total.
Lending Activity Picks Up
Lending to the economy accelerated in April. The total stock of loans and financing rose by 2.0% from March, reaching 90.21 billion lei.
Demand for loans in national currency grew by 2.6%, driving the overall increase. Meanwhile, foreign currency lending (in lei equivalent) dipped by 0.1%. Measured in euros, foreign currency loans dropped by EUR 7.6 million (-0.7%), amounting to EUR 1.09 billion.