The National Bank of Moldova has published its monthly statistics on activity in the non-cash foreign exchange market, describing how it reports foreign exchange interventions undertaken in line with its monetary and foreign exchange policy objectives. The data show interbank spot sales of EUR 25.5m (EUR equivalent) and FX swap purchases of US dollars with a EUR-equivalent volume of EUR 4.532m, with no forward transactions. Interventions are presented as direct spot purchases or sales against the Moldovan leu (which affect the money supply) and adjustment operations via FX swaps (described as reversible and without long-term impact on the money supply). Transactions are recorded on the trade date; EUR equivalents are calculated using monthly average exchange rates of the Moldovan leu against the euro and the relevant currency, and USD equivalents are calculated using monthly average exchange rates. Swap volumes are reported as a daily weighted average based on the swap term, so a EUR 10m 15-day swap in a 30-day month is reflected as EUR 5m. 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 2025-03-21
National Bank of Moldova publishes monthly FX intervention statistics showing EUR 25.5m spot sales and EUR 4.5m swap purchases
The National Bank of Moldova released its monthly statistics on non-cash foreign exchange market activity, detailing interventions aligned with its monetary and foreign exchange policy objectives. The report highlights interbank spot sales of EUR 25.5 million and FX swap purchases of USD with a EUR-equivalent volume of EUR 4.532 million, with no forward transactions. Transactions are recorded on the trade date, with EUR and USD equivalents calculated using monthly average exchange rates.