OREANDA-NEWS. March 16, 2012. Up to present the schedule has been published for a year, the National Bnak informs. This is for the first time when the schedule to place NBM certificates and to hold REPO auctions for 2012-2013 was drawn up for a longer period.

This is the first step to intensify operations on the open market of the National Bank of Moldova. It contains operations both: to inject liquidity in to the banking system and to pace NBM certificates. As it was said earlier, the National Bank of Moldova recommences providing the monetary market with liquidity.

The Bank is going to do it by REPO operations at a flat rate fro 28 days during which NBM will buy state securities from banks which have to buy them back in a certain period of time and at a price established in the moment of the deal. Providing liquidity within two years is expected to raise the trust to the financial system and to be an additional support for banks in their liquidity administration, which will improve conditions banks lend to the economy on.