Situation on Moldova's financial-banking market not worrying: deputy premier Igor Dodon
The situation on Moldova's financial-banking market is not seriously worrying, said first deputy premier Igor Dodon, quoted by Info-Prim Neo.
When asked to comment on the panic rattling the international markets after the collapse of US investment banks, Dodon has said “at least, for the moment, I don't see any danger for the Moldovan financial-banking sector.”
“We don't have a large amount of speculative capital on the Moldovan financial market, which, when a financial crisis is looming, “evaporates” immediately, withdrawing a certain amount of liquidities,” Dodon estimates.
On the other hand, he has said the Government, the National Bank cooperates to identify leverage to stabilize the exchange rate hitting the exporters. Some successes in this respect are seen these days.
According to Dodon, the budget will have no problems, as the planned indices will be reached, and the annual inflation will not past 11.5%, “maybe even less.”
When asked by Info-Prim Neo about Fitch Ratings' decreasing Moldova's rating, the economy minister has said “that downsize should be seen as a warning in the wake of a possible world-scale financial crisis. The ratings of bigger countries have been downsized even more,” Dodon said.