National Bank of Moldova publishes December 2024 aggregate foreign currency assets, liabilities and open FX position of licensed banks

The National Bank of Moldova published monthly aggregated data on licensed banks’ foreign currency assets and liabilities and the banking system’s open foreign exchange (FX) position for December 2024. At end-month, total foreign currency assets were MDL 51.55bn and total foreign currency liabilities were MDL 51.51bn, with total regulatory capital of MDL 21.71bn. Foreign currency assets were mainly FX required reserves placed at the National Bank of Moldova (MDL 16.77bn), FX loans (MDL 16.53bn) and FX liquid assets (MDL 16.04bn), while liabilities were dominated by clients’ FX current accounts (MDL 25.29bn) and term deposits (MDL 15.01bn). The aggregate open FX position showed gross long positions of MDL 299.50m and gross short positions of MDL 258.52m; the largest long positions were in euro (MDL 140.73m, 0.65% of regulatory capital) and US dollars (MDL 122.47m, 0.56%), and the largest short positions were in US dollars (MDL -135.61m, -0.62%) and euro (MDL -111.88m, -0.52%). The figures are compiled from banks’ open FX position reports under the National Bank of Moldova’s regulation on open currency positions, with balances recalculated into USD using end-month official exchange rates, and the open position defined as foreign currency assets minus foreign currency liabilities by currency. The information is published monthly by the last day of the month following the reporting period.