There Will Be no Dramatic Devaluation of Leu in Moldova
OREANDA-NEWS On 18 February was announced, that there will be no dramatic devaluation of leu in Moldova and everything will be normal with the local currency both before and after the elections.
Prime Minister Zinaida Greceanii said it answering journalists’ questions during the “round table” “Technologies and Instruments for Overcoming the Crisis”. Premier said devaluation is a fleeting decision that only seems proper for increasing state budget receipts in the situation of reduction in export volumes, consumption level in the country due to the world financial crisis but in reality it won’t produce benefits. Zinaida Greceanii emphasized that the Government would focus on keeping macroeconomic stability, local currency exchange rate stability, continuation of the tough exchange rate and monetary policy for the stable development of economy. Premier said social programs shouldn’t be ceased to stimulate consumption in the country and the Government would fulfill its liabilities as to wages, pensions, allowances and social payments in full volume. Besides, the Government will focus on mobilization of additional investment to the country for implementation of investment projects to develop infrastructure, create new workplaces, increase budget receipts.
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