The National Bank of Moldova (NBM) published updated monthly information on its activity in the foreign exchange market, setting out its reporting approach and showing zero interbank spot and swap transactions for the reporting period. It also states that NBM did not carry out any forward operations. The release distinguishes between direct interventions through spot purchases or sales of foreign currency against Moldovan lei, which affect the money supply, and adjustment operations through foreign exchange swaps, described as reversible and without a long-term impact on the money supply. Transactions are recorded on the trade date, with EUR equivalents calculated using monthly average exchange rates for the Moldovan leu against the euro and the relevant currency, and USD equivalents calculated using monthly average exchange rates; swap volumes are reported using a daily weighted-average method based on swap tenor. NBM notes that information on the non-cash foreign exchange market is published monthly by the last day of the month following the reporting month.
National Bank of Moldova 2025-09-24
National Bank of Moldova reports no spot, swap or forward foreign exchange operations in its monthly statistics
The National Bank of Moldova (NBM) released updated monthly data on its foreign exchange market activities, reporting zero interbank spot and swap transactions and no forward operations for the period. The report clarifies the distinction between direct interventions affecting money supply and reversible foreign exchange swaps. Transactions are recorded on the trade date, with currency equivalents calculated using monthly average exchange rates.