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Moldovan leu in October depreciated against U.S .dollar


https://www.ipn.md/public/index.php/en/moldovan-leu-in-october-depreciated-against-us-dollar-7966_1077842.html

The Moldovan leu in October depreciated in average values against the U.S. dollar by 1.9% to  16.9836 USD/MDL, as opposed to 16.6735 USD/MDL in September, IPN reports.

According to the National Bank of Moldova, in October the degree of covering the net demand for currency from business entities by the net supply of currency from private individuals was 126.1%, in contrast to 102.4% in September.

Compared with the previous month, the net supply of currency from private individuals decreased by 32.9 million (-12.7%), while the net demand for currency from business entities declined by 73.9 million (-29.1%).

The NBM made net purchases of currency in the amount of US$68.8 million from the local interbank market.