17:25 - 18.11.2024

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November 18, Fineko/abc.az. From January 2, 2025, the National Bank of Moldova (NBM) will use the euro as the base currency to set the official exchange rate of the Moldovan leu, replacing the US dollar, ABC.AZ reports, referring to NBM’s statement.

"The decision reflects the orientation of Moldova's economy towards the EU market, which plays a dominant role in the commercial and financial structure of the country," the statement says.

The NBM believes that this change will reduce fluctuations in the exchange rate of the Moldovan leu against the euro and the difference between the purchase and sale rates of euros, which will benefit the economy and help reduce the cost of currency exchange. This will not affect NBM's monetary policy and will not entail changes in the money supply, the report says.