Moldovan PM sees no prerequisites for sharp devaluation of national currency

Chisinau, 10 September /MOLDPRES/- There are no prerequisites for a sharp devaluation of the Moldovan leu, the situation is under control, Prime Minister Valeriu Strelet said at a news conference on marking six weeks since the government's swearing in office. 

"I had to give an allegoric example to an expert who was in the studio and said that he does not quite understand economics." This is the way the prime minister explained the statements he made at a special programme on the public TV channel, saying that the Moldovan leu is likely reach an exchange rate of 40 lei for one dollar, if Moldova fails to sign an agreement with the International Monetary Fund.  

According to the prime minister, the most difficult part of monetization of urgent loans, provided to the three problem banks, under liquidation, has passed.

"The National Bank has enough instruments to keep the situation under control. The government also, after negotiations with development partners, Romanian government, has all prerequisites for a flow of financial assistance to come to Moldova in the nearest future. This will contribute to balancing situation and will remove pressure from the national currency", he said.

(Reporter V. Bercu, editor M. Jantovan)