Market Puls
The MDL mirrors the EUR volatility: Moldovan economy adjusts to new reality
09.03.2026
Commentary by InfoMarket
Since the EUR became the base currency of the National Bank of Moldova (NBM) for determining the exchange rate of the MDL and conducting currency interventions (January 2, 2025), the country's national currency has depreciated by 5.58%.
When the national currency was introduced in Moldova on December 29, 1993, the USD was the base currency for determining the exchange rate. The exchange rates of other currencies were determined through cross rates. The USD was also used in the NBM's calculations, currency interventions, and other...
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