NBM Carried Out Operations for USD20,3 mn in Foreign Exchange Market
OREANDA-NEWS. August 01, 2012. As it was informed in the National Bank, in particular, in the operations of "spot" they purchased USD 20.3 million.
The share of the operations of the NBM on the interbank market in June was 15.5%. It should be noted that the National Bank carries out transactions on the interbank currency market for the second month in row. This year first operation was in May when the National Bank purchased USD 1 million. Its last operation before, the NBM carried out in December 2011 for USD 7.14 million.
It should be noted that the National Bank uses as foreign exchange intervention tools direct and control operations - foreign exchange transactions "spot" and swap. Transactions "spot", providing for the purchase or sale of foreign currency against Moldovan Lei, affect the money supply. At the same time regulating operation - currency swap transactions, as a tool to reverse, do not affect the money supply in the long run.
The operation of swap for buying and selling of currencies provides that the currency is sold subject to repurchase it in the same amount after a certain time and at the rate fixed in the time of the transaction.
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