The National Bank of Moldova published its December 2025 monetary indicators, showing month-on-month increases in the monetary base and all main monetary aggregates, alongside higher bank deposits and claims on the economy. Broad monetary base rose to MDL 87,029.7 million (+6.8% m/m, +5.3% y/y). Cash in circulation (M0) reached MDL 50,135.8 million (+2.8% m/m, +13.5% y/y), while M1 totalled MDL 106,189.2 million (+5.0% m/m, +12.8% y/y), M2 MDL 144,602.0 million (+4.5% m/m, +14.6% y/y) and M3 MDL 190,477.6 million (+3.8% m/m, +12.3% y/y). Deposits in national currency stood at MDL 94,466.2 million, up MDL 4,916.5 million on the month and representing 67.3% of total deposits, while foreign-currency deposits (converted into MDL) increased by MDL 661.9 million to MDL 45,875.6 million (32.7%). Claims on the economy rose by MDL 2,009.8 million (+2.0%) to MDL 104,605.1 million, reflecting increases in claims in national currency (+MDL 1,798.4 million, +2.3%) and foreign-currency claims expressed in MDL (+MDL 211.4 million, +0.9%); foreign-currency claims expressed in EUR totalled EUR 1,214.3 million (+EUR 6.5 million, +0.5%).
National Bank of Moldova 2026-01-20
National Bank of Moldova reports December 2025 monetary aggregates with monetary base up 6.8% m/m to MDL 87,029.7 million and M3 up 3.8% to MDL 190,477.6 million
The National Bank of Moldova reported increases in the monetary base and all main monetary aggregates for December 2025, with notable rises in bank deposits and claims on the economy. The broad monetary base reached MDL 87,029.7 million, while deposits in national currency and foreign currency also saw significant growth.