Moldova eases rules for certain foreign exchange transactions
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The rules for certain foreign exchange transactions have been simplified

The Ministry of Finance is simplifying the rules governing certain financial transactions. The changes will affect the requirement to obtain authorization from the National Bank of Moldova to carry out these transactions. The threshold amount will increase tenfold. 
Tatiana Sichirliiscaia Reading time: 1 minute
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This refers to the granting of loans and the making of donations between individuals and between individuals and legal entities.

The simplification will also apply to currency exchange transactions conducted abroad, as well as donations and loans between residents of Moldova and those abroad.

Finance Minister Victoria Belous announced this in a video message on Facebook.

Specifically, she noted that the threshold for conducting such transactions without authorization from the National Bank of Moldova has been raised from 10,000 euros to 100,000 euros. According to the finance minister, this measure is intended to provide citizens with greater flexibility and adapt the financial system to their current needs.

Victoria Belous promised that the ministry will provide citizens with details on each type of transaction in the near future.


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