The required reserves ratio in Moldovan lei and non-convertible currency for the period between April 16 and May 15, 2020 was set at the level of 34.0 percent of the calculation base. A decision to this effect was taken unanimously by the Executive Board of the National Bank of Moldova (NBM), IPN reports.

According to the Bank, the extraordinary meeting of the NBM Executive Board was convened to agree monetary policy measures that can partially mitigate the impact of the effects of the COVID-19 pandemic on the national economy.

The decision is aimed at increasing the liquidities available to the licensed banks in order to prevent liquidity risk and strengthen the Moldovan banking sector’s capacities. As a result of this decision, the liquidities available in the banking sector will increase by about 3.0 billion lei.