The National Bank of Moldova published monthly foreign exchange market indicators showing that, in August 2025, net foreign currency supply from individuals covered 79.2% of net foreign currency demand from economic agents, down slightly from 79.9% in July. The central bank reported it did not conduct interventions in the domestic foreign exchange market during the month. Compared with July, individuals’ net FX supply fell by EUR 55.0 million (-15.7%) to EUR 296.0 million, while net FX sales to legal entities fell by EUR 65.5 million (-14.9%) to EUR 373.6 million. For January to August 2025, individuals’ net FX supply totalled EUR 2,091.4 million (up 6.9% year on year) and net FX sales to legal entities reached EUR 2,512.0 million (up 16.6%), bringing the cumulative coverage ratio to 83.3% versus 90.8% in January to August 2024. The average leu-euro exchange rate moved from 19.7842 in July to 19.5715 in August, and the euro accounted for 75.0% of individuals’ net FX supply in August (USD 13.6%, other currencies 11.4%, mainly pound sterling).
National Bank of Moldova 2025-09-22
National Bank of Moldova reports August 2025 FX coverage ratio easing to 79.2% with no market interventions
In August 2025, the National Bank of Moldova reported that net foreign currency supply from individuals covered 79.2% of demand from economic agents, down from 79.9% in July. Individuals’ net FX supply decreased by EUR 55.0 million to EUR 296.0 million, while sales to legal entities fell by EUR 65.5 million to EUR 373.6 million. The average leu-euro exchange rate shifted from 19.7842 in July to 19.5715 in August, with the euro comprising 75.0% of individuals’ net FX supply.