The European Union is very concerned about the current situation on the currency market of Moldova and analyzes it attentively, the Head of the EU Delegation to Moldova Pirkka Tapiola said in an interview for the portal moldovacurata.md. The diplomat noted that in the context of the challenges faced by the financial sector, the EU offered the National Bank of Moldova assistance under the TAIEX and Twinning institutional building instruments, IPN reports.
“Moldova’s problems in the banking sector are well-know. This sector needs transparent solutions that would enable us to see what we can do with Banca Sociala, Unibank and Banca de Economii. I would like to note that there is also the psychological factor that significantly affected the situation as regards the exchange rates, especially over the last few weeks. When the Government hadn’t been yet voted in by Parliament, the people expressed increased concern or even fears that contributed to the further depreciation,” said Pirkka Tapiola. He added that the Government is in close contact with the IMF and he considers it is very important that the executive should follow its advice.
Last week, the Moldovan leul depreciated significantly against the euro and dollar. This caused panic among the population and led to a considerable rise in prices. The last few days the leu started to appreciate against the foreign currencies, but experts cannot anticipate for how long the national currency will keep this position.
