Degree of covering net demand for currency declined

The degree of covering the net demand for currency from business entities by the net supply of currency from private individuals in June was 83.4%, as opposed to 101.4% in May, IPN reports.

According to the National Bank of Moldova, the net supply of currency from private individuals last month rose by US$34.9 million (+16.3%), while the net demand for currency from business entities – by US$87.6 million (+41.5%) on a month before.

Under such circumstances, the Bank intervened and bought currency totaling US$20.0 million on the local interbank market.

The Moldovan leu in June depreciated by 0.2% on average against the U.S. dollar to 17.7808 USD/MDL, as against 17.7430 USD/MDL in May.
According to the values at the end of June, the leu depreciated by 2.1% against the U.S. dollar.

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