OREANDA-NEWS. May 18, 2009. This was announced by the President of Moldova, the speaker of the parliament Vladimir Voronin during the extended meeting on assessing financial and economic situation in the country.

He noted that it was possible to make due to strict regulation, clear monitoring, increasing requirements to the capital of the banks, timely creation of various types of reserves, the operational management of inflation and other banking instruments.

According to the President, the successful application of these tools became possible due to closed character of the banking system of Moldova and its small size. The President also stated that "misgivings of some experts, including foreign ones, about the use of the National Bank’s reserves are groundless, as these reserves are created for using them in difficult situations ". "In our case, these reserves are used only to ensure stability in the monetary policy".

“As the result, within the last two weeks the dynamics of the currency reserves of the country is positive and inspires optimism”, - said Vladimir Voronin.