National Bank of Moldova says net supply of foreign currency dramatically drops in last two months of 2014
16:33 | 20.01.2015 Category: Economic
Chisinau, 20 January /MOLDPRES/ - The coverage of net demand for foreign currency of economic agents through the net supply of foreign currency from private people dropped to 33.6 per cent in December 2014 against 88.8 per cent in the same period of the year before, according to data provided by the National Bank of Moldova (BNM).
The coverage was 33.9 per cent in last November. According to BNM, both the net demand for foreign currency of legal entities, and the net supply of foreign currency of individuals decreased by 17.1 per cent and 17.7 per cent respectively, in December against the month before.
The gap between demand and supply was covered by the National Bank through net interventions of selling 156.4 million dollars on the local currency market. Under these conditions, the average exchange rate of the Moldovan leu against the dollar dropped by 3.3 per cent against November 2014.
As for the currency structure of the net supply of foreign currency from individuals, the largest share went to the Russian ruble, 51.1 per cent, followed by the single European currency, 38.5 per cent and the dollar, 8.7 per cent, respectively.
