The degree of covering the net demand for currency from business entities by the net supply of currency from private individuals in May constituted 104.1%, as opposed to 64.3% in April, IPN reports.
According to the National Bank of Moldova, the net supply of currency from private individuals in May rose by US$ 75.8 million (+102.4%), while the net demand for currency from business entities – by US$ 28.9 million (+25.1%). The Bank intervened and bought currency totaling US$ 10 million on the local interbank market.
The Moldovan leu in May appreciated by 1.9% on average against the U.S. dollar to 17.8046 USD/MDL, as against 18.1541 USD/MDL in April. The values at end-May show the leu appreciated by 1.5% against the U.S. dollar.
The European common currency continued to prevail in the structure of the net supply of currency from private individuals, with 77.1%.
