Moldova to liberalize certain capital currency transactions and allow transactions with foreign financial instruments without NBM authorization
In particular, this is provided for in the relevant amendments to the Law on Currency Regulation, passed by the Moldovan Parliament in the second reading. As noted by the Ministry of Finance, the main purpose of the amendments is to liberalize certain capital currency transactions by easing some restrictions and updating the legal framework. The amendments will provide greater freedom for investment by allowing transactions with foreign financial instruments without the permission of the National Bank of Moldova. These include long-term financial instruments (with a remaining maturity of more than 5 years) issued by European Union countries or the Organization for Economic Cooperation and Development (OECD) with a rating of at least AA/Aa assigned by a credit rating agency, as well as financial instruments in the form of shares or other securities of a participatory nature. Another change concerns the way exchange rates are displayed at exchange offices, where currencies will be presented in a clear and standardized order: the euro and the US dollar, followed by the pound sterling, the Romanian leu, the Ukrainian hryvnia, and finally, other currencies. In particular, the Russian ruble will be classified in the third group of foreign currencies. The new version of the law stipulates that the import into Moldova/export from Moldova of cash national currency by licensed banks and non-resident banks shall be carried out without the permission of the National Bank. The Ministry of Finance notes that the provisions of this draft law will contribute to expanding access for citizens and legal entities to international financial instruments, reducing currency barriers, and diversifying investment opportunities. // 29.05.2025 — InfoMarket
