OREANDA-NEWS. March 05, 2013. Last January NBM did not perform any transactions on the the inter-bank foreign exchange market. In January, 2013 as a result of spot operations the National Bank of Moldova bought USD 1.59 mln. A share of operations by NBM in the inter-bank foreign exchange market made up 0.49% this January. NBM performs operations in the interbank foreign exchange market the ninth month in a row.

The first spot of 2012 took place in May, when NBM purchased USD 1 mln. The National Bank bought as much as USD 20.3 mln. in June, USD 31.5 mln. in July, USD 115.9 mln. in August, USD 73.53 mln. in September and USD 19.42 mln. in October and USD 23.86 mln. in November. In December, 2012, as a result of foreign exchange spots the Bank purchased USD 55.43 mln. and other currencies expressed in USD at a sum of USD 1 mln. 83 thou. Besides, in December, 2012 the National Bank of Moldova carried out swaps at a sum of USD 10 mln. Within January-April, 2012 NBM did not perform any operations in the market.

The National Bank of Moldova uses direct regulating operations -foreign exchange spots and swaps as the instruments of currency interventions. The spot operations mean purchases/sales of foreign currencies against Moldovan lei, and they influence the monetary stock. At the same time, a swap operation is a reversing instrument which does not affect monetary stock in long-term prospect. The swap operation means that the foreign currency is sold on the condition of its further re-purchase at the same sum and at the same exchange rate which have been fixed at the moment of the deal.