The provisions are contained in a draft law registered by the faction of the Alternative bloc. The document is aimed at eliminating barriers to cash payments when buying real estate. In addition, the proposed regulations are designed to reduce the difficulties faced by entrepreneurs in their activities in the context of restrictions on the use of cash. The initiative also provides for amendments to a number of legislative acts designed to reduce the risks of illegal use of cash in transactions.
The initiative was announced by Ion Chicu, former prime minister and member of the Alternative faction. He stressed that the current law, which came into force on April 1, 2925, has created serious difficulties for the population and the business environment.
“This law goes far beyond the European framework, which sets fewer restrictions,” Ion Chicu said.
According to the deputy, since this provision came into force, housing sales have significantly decreased in Moldova.
Ion Chicu specified that the proposed draft law provides for the restoration of the previous regulatory framework, including the rules on sanctions for the violation of the cash payments regime.
In Moldova, there are limits on cash settlements, established by Law No. 34/2024. The main restrictions concern settlements between legal entities (up to 100 thousand lei per month) and large transactions between individuals, such as the purchase of real estate and cars.
When buying real estate, cash can be used if the value does not exceed the equivalent of 100 average salaries in the economy (about 1.3 million lei). And when buying vehicles – the equivalent of 50 average salaries in the economy (about 685 thousand lei).
Transactions exceeding the limits must be carried out in a cashless way. Fines from 3% to 10% of the amount of the violation are stipulated for violating the limits on cash payments.
