“The leu is increasing in value and will continue to appreciate,” assured the governor of the National Bank of Moldova Dorin Dragutanu. After a meeting with the administration of the Government and Parliament in the morning of February 19, the governor said the developments on the currency market represent an excessive reaction of the participants in the market, but the situation will return to normality as a result of a number of short- and long-term measures taken, IPN reports.

“The measures that were already taken by the National Bank, such as the toughening up of the monetary policy and the increase in the base rate and the mandatory reserves, started to produce results,” stated Dorin Dragutanu.

Prime Minister Chiril Gaburici said that in the meeting they agreed the steps that will be taken in the near future to stop the depreciation of the national currency.