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Leu dropped 0.8% on dollar in December


https://www.ipn.md/index.php/en/leu-dropped-08-on-dollar-in-december-7966_1087334.html

In December, the Moldovan leu dropped 0.8% on average against the US dollar, to 17.7378 compared to 17.6036 in November, the National Bank of Moldova reported.

The degree of coverage of the net demand for foreign currency by economic agents through the net supply of foreign currency from individuals constituted 78.5%, compared to 23.7% in November.

Compared to the previous month, the net supply of foreign currency from individuals increased by $ 111.3 million (2.3 times), and the net demand for foreign currency by economic agents decreased by $ 108.4 million ( -30.3%).

The NBM intervened on the local interbank market by selling foreign currency in the amount of 35.8 million dollars.

Taking into account inflationary expectations and the evolution of the market as a result of the increase in tariffs on energy resources, which is manifested at the international level and in the Republic of Moldova, respectively, the NBM carefully monitors the situation and will intervene through its monetary policy, credit and foreign exchange, says the central bank.