Moldovan citizens have nowhere to invest their money, Veaceslav Ionita stated.
According to the economic analysis of the IDIS Viitorul expert, this conclusion can be drawn considering the number of people who hold interest-free deposits in Moldova’s banks. Ionita draws attention to the fact that apart from bank deposits there is nothing else in Moldova: the capital market doesn't work, nobody buys stocks or bonds, and the only available financial instrument, state securities, has no mechanism through which the citizens can acquire them. Still, there is the possibility of buying them through licensed banks, but this does not happen. The expert notes that the citizens of our country invest money in the bank, as a rule, without interest, and the bank uses this money to buy state securities and earns money. For example, last September, banks took money from citizens at 4.17% per month and offered loans to the government at 5.8%. And during the crisis caused by the war, banks took people's money at 4.16% and offered loans to the government at 13.66% per month. In April, interest rates on government loans reached 17%. The expert asks the question: why doesn't the government borrow from the population? According to him, it is necessary to create a system like in Romania and to make it possible for citizens to buy government securities. If the government borrows from the population at 7%, then both the government and the citizens would benefit from this cooperation. The economist argues that Moldovan citizens need alternatives for placing money and the government needs alternatives for receiving funds, because so far the government and the citizens are victims of banks. // 03.05.2022 - InfoMarket.
