Deadline for first-stage indexation applications has been extended

The central commission for the indexation of individual savings has extended the deadline for the receipt of applications for first-stage indexation until March 1, Info-Prim Neo reports. According to a statement posted on the website of the Finance Ministry, eligible for the indexations awarded this year are the depositors with Banca de Economii (successor of Soviet-era Sberbank) born before 1961. Applications will be accepted at any Banca de Economii outlet through March 1. For additional information, call 22-41-31, 22-55-35, 24-10-78. At the first stage of the indexation, depositors get 1000 lei each at a ratio of 1 leu: 1 soviet ruble. The remaining sum on the deposit accounts will be indexed at a ratio of 1: 2.5, but only after all the depositors that held accounts in Sberbank before 1992 have received the first indexed thousand rubles. After the Moldovan leu was introduced on 29 November 1993 and the prices were liberalized, the population’s savings decreased in value by over 1,000 times.

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