This is provided for in the draft amendments to a number of laws currently under consideration by the government.
According to the document, the National Bank itself will decide how to distribute movable property between public and private property – according to its internal rules, without the government’s involvement.
The National Bank’s annual report will be explicitly defined as a document of informative nature.
The Court of Accounts will only be able to audit the operational efficiency of the National Bank. Areas such as monetary policy, international reserves and payment systems will remain outside the audit.
In crisis situations, the NBM will be able to introduce financial stabilization measures without consulting the government. At the same time, it is expressly stipulated that no state body or third party has the right to influence its decisions and acts.
Decisions on the recall of members of the management can be challenged in the Court of Appeal of the Center, and the decision on the recall of the NBM head – in the Court of Justice of the European Union.
It is planned that the norms related to the support of the EU economic policy and integration into the system of European central banks will be effective after Moldova’s accession to the European Union. The rest of the amendments – one month after the publication of the law in the Official Monitor.
The project was prepared by the National Bank. First it should be approved by the Cabinet of Ministers, then by the Parliament.
Earlier, the government approved the project which strengthens the financial independence of the Court of Accounts. It was developed within the framework of Moldova’s commitments to European integration, including the National Accession Program for 2025-2029 and the Growth Plan for 2025-2027.
