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For the first time in 3 years, the official exchange rate of the MDL against the EUR rose above the psychological mark of 21 MDL per 1 EUR.

For the first time in 3 years, the official exchange rate of the MDL against the EUR rose above the psychological mark of 21 MDL per 1 EUR.

In particular, the National Bank of Moldova set the official exchange rate on December 7 at 21.0487 MDL per 1 EUR, which is 9 bani (0.4%) more than the official rate for December 4-6 - 20.9577 MDL per 1 EUR. For comparison, as of December 7 of last year, the exchange rate was 19.3855 MDL per 1 EUR, which is 8.6% lower than on the same day in 2020. It should be noted that the last time the official rate above 21 MDL per 1 EUR was set at 25 September 2017, when it was 21.1318 MDL per 1 EUR. Since the beginning of 2020, the MDL has depreciated against the EUR by 1.8% (as of January 1, 2020, the MDL exchange rate was 20.6652 per 1 EUR). It should be noted that the historical maximum - 24.0154 MDL per 1 EUR - was registered on February 18, 2015. // 07.12.2020 - InfoMarket.

News on the subject

The EBRD will provide ProCreditBank with a loan of 15 million euros for lending to small and medium-sized enterprises in Moldova in order to ensure their modernization and increase competitiveness.
The EBRD will provide ProCreditBank with a loan of 15 million euros for lending to small and medium-sized enterprises in Moldova in order to ensure their modernization and increase competitiveness.
Moldovan banks’ income from the exchange rate difference in January-October 2020 amounted to 1 billion 049.7 million lei, having increased 34.5% compared to the same period in 2019.
Moldovan banks’ income from the exchange rate difference in January-October 2020 amounted to 1 billion 049.7 million lei, having increased 34.5% compared to the same period in 2019.
Remittances from EU countries in favor of individuals of Moldova through banks in October 2020 amounted to $66.63 million, having increased by 20.5% compared to September 2019.
Remittances from EU countries in favor of individuals of Moldova through banks in October 2020 amounted to $66.63 million, having increased by 20.5% compared to September 2019.
Remittances from EU countries in favor of individuals of Moldova through banks in October 2020 amounted to $66.63 million, having increased by 20.5% compared to September 2019.
Remittances from EU countries in favor of individuals of Moldova through banks in October 2020 amounted to $66.63 million, having increased by 20.5% compared to September 2019.
The National Bank has issued eight commemorative coins on the occasion of the 27th anniversary of the introduction of the Moldovan leu into circulation.
The National Bank has issued eight commemorative coins on the occasion of the 27th anniversary of the introduction of the Moldovan leu into circulation.
Moldovan banks’ net profit in January-October 2020 amounted to 1 billion 394.4 million lei, having decreased by 28.7%, compared to the same period in 2019 (1 billion 956.9 million).
Moldovan banks’ net profit in January-October 2020 amounted to 1 billion 394.4 million lei, having decreased by 28.7%, compared to the same period in 2019 (1 billion 956.9 million).