The National Bank of Moldova (NBM) holds events on National Currency Day on November 29.
According to the press service of the NBM, the events will be devoted to financial education. Thus, the Aristotle Republican Theoretical Lyceum, after an earlier meeting with the NBM experts, will host a debate on "banknotes and metal money versus electronic currency". At the preliminary meeting, high school students were told that electronic currency and virtual currency (cryptocurrency) are different things and that only electronic currency is regulated by law, while virtual currency is not issued or guaranteed by the central bank. Accordingly, virtual currency has many risks of insecurity and financial loss. In addition, the debate will address aspects of the circulation of national currency, the prospects for the use of banknotes and metal coins compared to electronic ones, and their role in the economy. Also, in the framework of the 29th anniversary of Moldovan leu (MDL), visits to the exhibition hall of the National Bank are planned for groups of students who are interested in financial and banking matters. The visitors will see a collection of commemorative and jubilee coins issued by the National Bank, at the same time having a possibility to see a presentation about the history of the MDL and the security signs of the national currency. The MDL was put into circulation on November 29, 1993. The new currency replaced the temporary monetary unit - kupon, which had been in circulation since June 10, 1992. The MDL of 1993 was already replaced by a new series from 1994, which in turn was updated in 2015. Coins of 1, 5, 10, 25 and 50 bani, as well as 1 MDL and 5 MDL were put into circulation; and banknotes of 1, 5, 10, 20, 50, 100, then 200 and 500 MDL. Ten years later, in 2003, the 1000 MDL banknote was put into circulation. All coins initially had a low degree of protection, which attracted counterfeiters, who quickly learned to mint 50 bani, 1 MDL, 5 MDL. As a result, in the very first years of the MDL circulation, first the 1 MDL and 5 MDL coins were withdrawn from circulation; then the 50-bani coin, which was replaced by a more secure version. In 2018, the National Bank put new coins of 1, 2, 5 and 10 MDL into circulation. // 29.11.2022 - InfoMarket
