OREANDA-NEWS. November 21, 2014. That was declared by Director of NBM Department for forex transactions Lucia Hadirca, who noted that alone the National Bank sold USD 20 million.

The top management of Central Bank hope that the measures taken will stop the national currency deprecation, caused, among others, by physiological reasons, and the foreign exchange rates will stabilize, including in foreign exchange offices.

According to Lucia Hadirca, the recent deprecation of the Moldovan Leu has been caused by some objective factors, such as the growing demand for forex from legal entities opposed by the decreasing currency supply by individuals, which has led to the forex shortage on the market.

 But the deprecation of the Moldovan currency has also stemmed from physiological factors, such as uncertainty related to the geopolitical situation and the November 30 parliamentary elections, which could have spur a growth in expectations of the Moldovan Leu deprecation. Lucia Hadirca stressed Moldova's Central Bank monitored the situation and, having enough leverage, was ready to step in, if necessary, to intervene in the market by selling currency to reduce the demand.

The Director of NBM Department for forex transactions reminded that the national currencies of the countries of the region, like, for example, the Russian Rouble and the Ukrainian Hryvnia, have cheapened much faster than the Moldovan Leu.