Situation on domestic foreign currency market is stable, National Bank

“The National Bank of Moldova does not intervene in the foreign currently market. As to the exchange rate, we see a natural balancing of the market as the demand corresponds to the supply,” central bank governor Dorin Dragutanu told a news conference, quoted by Info-Prim Neo. “Surely there are certain influences that are seen mainly in the relation between the leu and the euro, but they are primarily determined by the exchange rate of the euro against the dollar that is very volatile on the international market, where jumps of 2-3% can be witnessed during several days. The exchange rate was 1.40 dollars per euro. Immediately after the announcement of the referendum in Greece, the exchange rate dropped to 1.36. This volatility affects the Moldovan foreign current market and the exchange rate of the leu against the euro. In general, the situation on the foreign currency market is stable. This market has its own regulation mechanism and quickly finds the balance,” explained the governor. He also said that the depositors do not tend to change the savings from one currently into another and there are no real reasons for such moves.

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