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NBM intervenes on interbank market by selling US$5m

In April, the coverage of the net demand for foreign currency from economic agents through the net supply of foreign currency from individuals was 88.2%, compared to 86.6% in March, IPN reports.

According to the National Bank of Moldova, against the previous month, the net supply of foreign currency from individuals increased by US$23.6 million (+11.8%). The net demand for foreign currency from economic agents rose by US$22.6 million (+9.8%).

In these circumstances, the NBM intervened on the local interbank market by selling US$5.0 million.

Also, the Moldovan leu in April depreciated, in average values, by 0.5% against the U.S. dollar to 17.7919 USD/MDL compared to 17.7064 USD/MDL in March. According to values at the end of April, the leu depreciated by 1.0% against the U.S. dollar.

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