The banking sector of the Republic of Moldova remains stable, robust and resilient. It has sufficient liquidity to ensure continuous functioning in an ordinary regime, the National Bank of Moldova (NBM) said in connection with the events in Ukraine, IPN reports.

“The current level of reformation and modernization of the banking sector enables to further develop this by adjusting it to the global financial services standards. Also, our country has sufficient foreign exchange reserves that can be used in eventual crisis situations so as to ensure financial stability,” the Bank says in a press release.

It noted that it prudently monitories the situation and is ready to take measures to diminish the risks and uncertainty in accordance with its duties.