The degree of covering the net demand of foreign currencies from business entities by the net supply of foreign currencies from private individuals in January represented 143.4% as opposed to 113.0% in December 2022. The National Bank of Moldova (NBM) intervened in the local interbank market and made net purchases totaling US$118.2 million, IPN reports.  

Compared with the previous month, the net supply of foreign currencies from private individuals in January decreased by US$56.9 million (-19.5%), while the net demand from business entities declined by US$94.4 million (-36.6%).

The Moldovan leu last month appreciated by 1.7% in average values against the US dollar, to 19.0482 USD/MDL, in contrast 19.3724 USD/MDL in December. According to the values at end-January, the leu appreciated by 2.1% against the US dollar.