Degree of covering net demand for currency in February at 94.7%

The degree of covering the net demand for currency from business entities by the net supply of currency from private individuals in February was 94.71%, as opposed to 93.7%% in January, IPN reports.

According to the National Bank of Moldova, the net supply of currency from private individuals in February rose by US$6.6 million (+3.8%), while the net demand for currency from business entities – by US$ 5 million (+2.7%). The Bank intervened and bought currency totaling US$3.1 million on the local interbank market.

The Moldovan leu in February depreciated by 0.9% on average against the U.S. dollar to 17.4505 US/MDL, as against
17.2916 USD/MDL in January.

The European common currency continued to prevail in the structure of the net supply of currency from private individuals, with 78.7%.

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