News about Monetary policy

In June 2026, the Moldovan foreign exchange market remained relatively balanced. Net demand for foreign currency from economic agents acting as importers was consistently offset by supply from individuals. Over the course of the month, supply from individuals increased by more than 16% compared to May, which supported the stability of the national currency.

In June 2026, new deposits totaled 28,769 million lei. Of this amount, 69.3% came from businesses and 30.7% from individuals. These figures reflect activity in Moldova’s banking market, where the corporate sector accounts for the bulk of new funds raised.

Demand for “cash” in the country remains traditionally high. In June, as in previous months of 2026, the volume of cash withdrawals by citizens and businesses exceeded the volume of cash they deposited back into bank vaults. The total amount of cash withdrawn from checking and savings accounts, ATMs, and bank teller windows in June 2026 amounted to 16,506 million lei.

Major traders are betting that the price of BTC will rise to $72,000 by the end of the month, according to the latest data on options market trends.

As of July 10, 2026, the National Bank of Moldova’s (NBM) official reserve assets and other foreign currency assets had decreased by 0.98 million euros compared to the end of June, and totaled 5,212.9 million euros. In June, the value of foreign exchange reserves increased. Monthly fluctuations in value depend on external inflows, market transactions, and currency revaluations.

The Republic of Moldova’s borrowing on the domestic market has increased significantly over the past two years, and this is having an ever-greater impact on the state budget, warns the civic movement “Construim Încredere” (“Building Trust”).

Although Visa and Mastercard remain the largest international card payment systems, their dominance is gradually declining. More and more countries are seeking to develop their own payment infrastructure, thereby reducing their dependence on U.S. financial companies.

The disclosure of financial account information to the State Tax Service by companies that issue electronic money will not be considered a violation of personal data protection rights.

Moldova’s domestic public debt continued to grow steadily in June 2026, reaching 57.34 billion lei by the end of the month. In the first half of this year, it increased by more than 5.34 billion lei due to the active issuance of government securities.

The National Bank of Moldova (NBM) invites children ages 7 to 10 to participate in the financial education program “A Day Out at the NBM.” The children’s event will be held at the central bank’s headquarters on July 22, by prior registration and accompanied by adults.

The eurozone economy will grow more slowly than expected in the coming years. Economists have revised their forecast downward following a new conflict in the Middle East, which has once again threatened oil and gas supplies.

The digital euro will complement cash rather than replace it, and its purpose is not to track payments, said European Central Bank President Christine Lagarde. She refuted claims that the project is designed to spy on citizens.

At a meeting in Brussels, Spanish Finance Minister Carlos Cuervo promoted a plan for joint EU borrowing totaling 850 billion euros, believing that the timing was ideal for creating reliable assets.

Bernstein has raised its gold price forecast for 2026, anticipating a new wave of demand from central banks.

The global economy is facing new risks: inflation is picking up again, and Europe’s largest economies will grow more slowly than expected. This is the conclusion reached by the International Monetary Fund (IMF), which, in its new World Economic Outlook report, revised its forecasts for a number of countries and warned of the consequences of rising energy prices and geopolitical tensions.

The Ministry of Finance of the Republic of Moldova will conduct a detailed analysis and possible review of budget expenditures. The methodological framework for the review of budget expenditures was presented in late June at an event organized by the ministry with the participation of international experts from UNDP and the World Bank, who are assisting the ministry in this effort.

The Organization for Entrepreneurship Development (ODA) has adjusted the base interest rates on loans provided under the “373” program and published them.

According to a forecast by Bloomberg Economics, the global economy is set to face a prolonged period of higher interest rates. According to the agency, by the end of 2026, this rate will stand at 5.10%, up from the 4.41% projected in January—that is, before the outbreak of hostilities in Iran.

The introduction of the digital ruble, which began in Russia in 2026, will not lead to the displacement of other forms of the national currency, according to economist and financier Evgeny Kogan, who compared the digital ruble to a song by the band “Kino.”

European Central Bank (ECB) President Christine Lagarde has not ruled out the possibility of stepping down early to participate in France’s political process. At the same time, the ECB president ruled out running for office herself or endorsing another candidate.