NBM will get the right to impose protective measures if movement of the capital into or outside the country threatens currency or monetary policy.
It is presupposed by the bill of currency regulation approved by the parliament in the first reading. These steps focused on ensuring stability of the national currency market, can be taken by NBM after consultations with the government. The document defines structure of the currency market of the country confirming current rules of currency exchange operations. The bill regulates order of transactions in foreign currency at the territory of Moldova without impairing functions of the national currency. Thus, it is considered necessary to define the scope of circulation of foreign currency at the territory of Moldova, which should help to reduce the level of USD amount in the economy and thus enhance effectiveness of monetary policy. The bill also stipulates that loans and credits in foreign currency in favor of other residents are allowed to be provided by authorized banks only.