In July, the net demand for foreign currency from economic operators was covered at a rate of 125.9% by the net supply of foreign currency from individuals, compared to 101.8% in June, the National Bank of Moldova reported.

The net supply of foreign currency from individuals decreased by 13.2 million dollars (-5.2%) compared to the previous month, while the net demand for foreign currency from economic operators dropped more significantly, by 58.3 million dollars (-23.3%).

As a result, the NBM intervened on the domestic interbank market through net purchases of foreign exchange totaling 55.0 million dollars.

In July, the Moldovan leu depreciated by 0.7% on average against the US dollar, to 19.2574 USD/MDL compared to 19.1233 USD/MDL in June. According to the values at the end of July, the leu depreciated by 1.1% against the US dollar.

“Taking into account the inflationary expectations and the development of the market as a result of rising energy prices, globally and, by extension, in the Republic of Moldova, as well as the geopolitical situation, the NBM is carefully monitoring the developments and will intervene through its monetary policy to create appropriate conditions on the monetary, credit and foreign exchange markets”, the central bank stated.