The main trends of April did not change the market imbalance. The demand for currency from business increased more than the supply from citizens. This is due to the increase in expenses of Moldovan companies for import of goods, external services and servicing other financial liabilities in foreign currency.
The volume of net sales of currency by individuals was insufficient to fully cover the increased appetite of the commercial sector. In order to smooth the supply deficit, prevent sharp jumps in the Moldovan leu exchange rate and maintain market stability, the regulator conducted foreign exchange interventions.
During April, the NBM sold on the domestic market 14.10 million euros worth of foreign currency. As a result of the interventions carried out and payments on the external public debt, the official reserve assets of the NBM in April slightly decreased, amounting to 5,209.83 million euros at the end of the month.
The euro traditionally remains the main currency in the structure of net supply from individuals (its share in the spring period was recorded at 69.1%). At the end of spring, the official exchange rate of the leu was kept near the following values: ~20.15 MDL per EUR and ~17.36 MDL per USD.
