NBM Sees Evidence of Stabilization of Domestic Forex Market
OREANDA-NEWS. November 21, 2014. In October, 2014, the net demand for foreign currency from economic agents was 98.3% met by the net supply by individuals against 86% recorded in September, 2014, a statement by NBM reads.
The net supply of foreign currency by individuals grew 0.4% to USD177.2 million, the net demand from legal entities decreasing 12.2% to USD 180.2 million. The October evolution gives the evidence of stabilization of the local forex market, NBM says.
The average MDL/USD exchange rate reduced 2.4% month-on-month. The structure of the net currency supply included the 41.7share of RUB (against 46.4% in September 2014). RUB was followed by EUR – 40.7% against 37.6% and USD – 17% against 15.5%.
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