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National Bank of Moldova |
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National Bank of Moldova
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The National
Bank of Moldova (Romanian: Banca Naţională a Moldovei) is the central bank
of the Republic of Moldova. The National Bank of Moldova is a legal, public,
autonomous person responsible to the Parliament. The National Bank
cooperates with the Government with the view to achieving its objectives
and, according to the Law, undertakes the necessary measures to implement
such cooperation. |
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The main
objective of the NBM is the achievement and maintenance of the stability of
the national currency. The NBM periodically informs the public about
macroeconomic analysis, financial market evolution and statistic data,
including on money supply, credit granting, balance of payments and foreign
exchange market. In order to achieve its attributions, the National Bank has
the right to issue decisions, regulations, instructions and orders. The
normative acts of the National Bank, which are compulsory for financial
institutions and other legal and physical persons are published in the
Official Monitor of the Republic of Moldova and come into force either on
the date of their publication, or on another date stipulated in the text of
the respective normative act, provided that the public is informed
accordingly. |
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The National Bank of Moldova was
set in 1991. The basic attributions of the Bank are as follows:
• to formulate and to promote the state monetary and foreign exchange
policy;
• to act as banker and fiscal agent of the state;
• to license, supervise and regulate the activity of financial
institutions;
• to supervise the payment system of the Republic of Moldova and to
facilitate the efficient functioning of the interbank payment system;
• to issue the domestic currency;
• to establish, through consultations with the Government, the foreign
exchange regime of the national currency;
• to manage foreign exchange reserves of the state;
• to settle the balance of payments of the country; and
• to carry out the foreign exchange regulation on the territory of
the Republic of Moldova.
The National Bank plays an important role in the process of transition of
the Republic of Moldova to market economy. Since 1991 the National Bank of
Moldova has worked out and implemented a range of efficient measures
directed towards the stability of the monetary and credit environment.
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National Bank of Moldova |
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HQ
Address: |
1 Grigore
Vieru Avenue
MD-2005, Chisinau
Republic of Moldova |
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Tel: |
+373 22
409101 |
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Fax: |
N/A |
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Website: |
www.bnm.md |
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Swift Code: |
NBMDMD2X |
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Currency: |
Moldovan
leu |
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Banking Hours: |
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Monday - Friday 8:00 -
17:00 |
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The most important step was the introduction on
29 November 1993 of the national currency - Moldovan Leu and the further
promotion of an anti-inflationary monetary and credit policy. The National
Bank accepts that the credibility of its policy and actions is a
prerequisite for the attainment of its goals and that such credibility can
only be achieved and maintained through independent action, firmness of
principle, resoluteness and fixed intent.
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List of banks governed by the
National Bank of Moldova |
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» Banca de Economii |
» Energbank |
» MobiasBanca |
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» Moldova Agroindbank |
» EuroCreditBank |
» EximBank |
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» Victoria Bank |
» UniBank |
» InvestPrivatBank |
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» Banca Socială |
» UniversalBank |
» Banca Comercială Română |
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» Moldindconbank |
» FinComBank |
» ProCreditBank |
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» Comertbank |
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