Forecasts for exchange rate in 2017

Next year the Moldovan leu could appreciate against the euro and dollar given that money from the International Monetary Fund, the World Bank and the European Union is expected to come to Moldova, said project manager at the German Economic Team Moldova Jorg Radeke.

Contacted by IPN, the German expert said the National Bank most often addresses the German Economic Team Moldova with the question if the exchange rate was set in accordance with the market trends. According to him, the current exchange rate corresponds to the macroeconomic trends in the country and the region.

If foreign direct investment comes to Moldova next year and the program with the IMF and the assistance of foreign donors bring more currency, the leu could slightly appreciate. Jorg Radeke noted that even if it’s hard to anticipate, there are now no prospects for the leu to depreciate.

The 2017 state budget law passed by Parliament in the final reading on December 16 forecasts that the leu will depreciate during the next two years. In 2017, 1 US$ would cost 20 lei.

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