The Moldova leu last month appreciated by 1.3% on average against the U.S. dollar to 17.7640 USD/MDL, IPN reports. The National Bank of Moldova said the degree of covering the net foreign currency demand from business entities by the net foreign currency supply from private individuals in August was 82.5%, as opposed to 113.7% in July. The net foreign currency supply from private individuals decreased by US$32.2 million (-10%), while the net foreign currency demand from business entities rose by US$68.5 million (+24.1%). The central bank intervened in the local interbank market by making net purchases totaling US$6.0 million following a currency surplus in the first ten days of the month. “Given the evolution of the market as a result of the rise in prices of energy resources at international level and also in the Republic of Moldova and the geopolitical situation, the NBM attentively monitors the developments and will intervene through its monetary policy to create appropriate conditions on the money, loan and currency markets,” stated the Bank.
Leu appreciated by 1.3% against US dollar in August
