Banca Nationala a Moldovei (National Bank of Moldova)

By: EconomyWatch   Date: 9 September 2010

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The National Bank of Moldova is the central bank of Moldova. The bank is a juridical person with an autonomous status and is responsible to the parliament. The main objective of the bank is to achieve and maintain price stability.

In 1991, a two tier banking system was introduced whereby the National Bank of Moldova started acting as the central bank of the country. However, the bank is not a commercial bank and hence, not involved in commercial activity. The bank is responsible for authorization, supervision and regulation of financial institutions’ activity in the country.

The functions of the bank are:

  • To formulate and implement the monetary and foreign exchange policy of Moldova
  • To issue the domestic currency and control its circulation
  • To act as banker and fiscal agent to the Republic of Moldova
  • To license, supervise and regulate the activities of the financial institutions in the country
  • To act as custodian and manage the foreign exchange reserves of the Republic of Moldova
  • To settle the balance of payments of the country

The National Bank of Moldova is playing an important role in the Moldova’s transition to a market-based economy. Since its establishment the bank has worked and implemented several measures with a view to ensure the stability of the monetary and credit environment. The National Bank also coordinates with the central bank with the broader aim of realizing its objectives and initiating measures to implement such cooperation. The Bank is also responsible for informing the public periodically about macroeconomic analysis, financial market evolution and statistical data.

The Address and Contact details of the bank is as follows:

The National Bank of Moldova

Address: 7 Renasterii Ave. Chisinau MD-2006 MOLDOVA Phone No.: ++373-2-22 16 79 Fax: ++373-2-22 05 47


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