The National Bank of Moldova published monthly foreign-exchange market data showing that, in October 2025, net foreign-currency supply from individuals covered 82.0% of net foreign-currency demand from economic agents, down from 83.6% in September. With demand rising faster than supply, the central bank intervened in the domestic interbank market through net sales of EUR 33.0 million. Net foreign-currency supply from individuals increased to EUR 287.1 million (+11.4% month on month), while net foreign-currency sales to legal entities reached EUR 350.0 million (+13.5%). The Moldovan leu to euro exchange rate averaged 19.7110 MDL per EUR in October versus 19.5250 in September, while the euro accounted for 73.8% of individuals’ net FX supply, followed by USD at 18.6% and other currencies at 7.6% (mainly pound sterling). Over January–October 2025, individuals’ net FX supply totalled EUR 2,636.3 million and net FX sales to legal entities EUR 3,170.2 million, bringing the coverage ratio to 83.2% compared with 90.5% over January–October 2024.
National Bank of Moldova 2025-11-21
National Bank of Moldova reports October 2025 FX coverage ratio dips to 82% and conducts EUR 33 million net sales intervention
The National Bank of Moldova reported that in October 2025, net foreign-currency supply from individuals covered 82.0% of net demand from economic agents, down from 83.6% in September. The central bank intervened with net sales of EUR 33.0 million due to rising demand. The Moldovan leu to euro exchange rate averaged 19.7110 MDL per EUR, with the euro comprising 73.8% of individuals’ net FX supply.