The Moldovan leu in August appreciated by 1.6% in real values against the U.S. dollar to 17.7357 USD/MDL, from 18.0233 USD/MDL in July, IPN reports, with reference to the National Bank of Moldova.
The degree of covering the net demand for currency from business entities by the net supply of currency from private individuals in August was 79.8%, as opposed to 97.9% in July, IPN reports.
The net supply of currency from private individuals decreased by US$16.3 million (-6.6%), while the net demand for currency from business entities grew by US$37 million (+14.7%) on a month before.
In August, the Bank intervened on the local interbank market and bought and sold currency, depending on the conditions on the market. In general, it sold currency totaling US$ 8.2 million.