National Bank of Moldova reports May 2025 foreign exchange coverage ratio drops to 86.4% and records no market interventions

The National Bank of Moldova published May 2025 foreign exchange market data showing that net foreign currency supply from individuals covered 86.4% of economic agents’ net foreign currency demand, down from 91.8% in April 2025. Over the month, the National Bank of Moldova did not conduct interventions in the local foreign exchange market. Net foreign currency supply from individuals fell to EUR 261.8 million (down EUR 18.5 million, or 6.6% month on month), while net foreign currency sales to legal entities eased to EUR 303.0 million (down EUR 2.2 million, or 0.7%), reducing the coverage ratio by 5.4 percentage points. For January to May 2025, net supply from individuals totalled EUR 1,171.7 million (up 15.7% versus January to May 2024) and net sales to legal entities reached EUR 1,350.2 million (up 19.9%), with the coverage ratio at 86.8% versus 89.9% a year earlier; the leu weakened 0.1% on average against the euro to 19.5240. In the currency breakdown of individuals’ net supply, the euro remained dominant at 71.7% (EUR 187.7 million), followed by the US dollar at 18.0% (EUR 47.0 million) and other currencies at 10.3% (EUR 27.1 million, mainly GBP).