Money transfers from abroad, after decreasing considerably at the end of 2018, inverted the trend and in March 2019 rose to US$ 102 million. Transfers in Russian rubles and dollars in the first quarter of this year declined by 46.1% and 18.8%, respectively, compared with the corresponding period last year. Transfers in euros in the period rose by 11.1%, IPN reports, quoting data of the National Bank of Moldova that were presented in a news conference.

The evolution of transfers during the past few years reveals a geographic reorientation of the money transfers to the European Union member states.

As regards the balance of loans, the central bank said the upward trends of the last three quarters confirm the macroeconomic and financial stability in the country and create a basis for sustainable  growth in the future. The balance of released loans in the first quarter of this year increased by 12.9% compared with the corresponding period last year, with the rise in the balance of loans provided in national currency representing a dominant share of 19.6%. The monetary conditions created by the National Bank of Moldova stimulate lending o the real sector, epically in national currency.

The value of newly released loans in the period rose by 43.8%.

The maintaining of the base rate at the level of 6.5% conditioned the reduction in the interest rates on new loans to 8.26% and the stabilization of the interest rate on new deposits at 4.38%.