Currency supply did not cover its demand in October
foto: infotag.md
The share of covering the net economic agents’ demand for foreign currency by its net supply from physical persons accounted for 93.6% in October against 130.3% in September, according to Infotag.
According to the National Bank of Moldova (NBM), this is due to the fact that the net supply has fallen by US$58 million (30.4%) over a month, while the net demand grew US$4.5 million (3.1%).
In conditions of lack of currency, the demand for it was partially satisfied by means of NBM interventions in the form of US$4.7 million sales, while in September the bank was forced to buy US$63 million in conditions of currency excess.
In such conditions, the national currency rate has insignificantly depreciated – by 0.5% - to MDL19.8856 : US$1 in October from MDL19.7850 : US$1 in September.
In the currency structure of net foreign currency supply from physical persons, the largest share still belongs to the Euro – 54.1% (-12.1%), the US dollar – 26.1% (+4.8%) and Russian rubles – 17.6% (+6.6%).
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