The U.S. dollar, according to the data of the National Bank of Moldova, on August 4 cost 17.99 lei. On August 5 and 6, the dollar will be sold at the same rate. For Monday, August 7, the central bank will set the rate based on the interbank transactions.
Contacted by IPN, financial expert of the independent think tank “Expert-Grup” Sergiu Gaibu said the level reached now by the U.S. dollar shows the national currency follows an appreciation tendency. Such situations are witnessed almost annually, primarily at the end of summer or the start of autumn.
“Namely in this period the exports of fruit and vegetables rise. At the same time, imports are minimal as we do not need products from outside. The population consumes own production. A seasonal commercial balance is reached and this influences the supply of currency in the Republic of Moldova,” stated Sergiu Gaibu.
According to the expert, the rise in remittances from abroad is another cause for the depreciation of the U.S. dollar. The Moldovans who work in the building and agricultural sectors abroad sent more money home.
