RESOLUTION OF ADMINISTRATIVE BOARD OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of December 18, 2008 No. 254

About prolongation of term of the reporting and replenishment of required reserves by banks

Based on articles 11 and 17 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 (Monitorul Oficial al Republicii Moldova, 1995, No. 56-57, of the Art. 624), with subsequent changes and amendments, in connection with the announcement of days of rest in January, 2009, according to the Order of the Government No. 1410 of December 10, 2008. "About the working days and days of rest in January - March, 2009" (Monitorul Oficial al Republicii Moldova, 2008, Art. No. 221-222, 1412), for the purpose of providing necessary conditions for the accomplishment by banks of requirements for required reserves with departure from Items 19, 20, 24 Regulations about the mode of required reserves approved by the Resolution of Administrative board of National Bank of Moldova No. 85 of April 15, 2004 (Monitorul Oficial al Republicii Moldova, 2004 No. 67-72, of the Art. 168), with subsequent changes and amendments, The administrative board of National Bank of Moldova DECIDES:

1. Extend till January 15, 2009 the term of submission by banks of reports on required reserves and term of replenishment by banks of the account of required reserves in foreign currency for the period of observation of the attracted resources on December 21, 2008 - on January 5, 2009.

2. This resolution is published in Monitorul Oficial al Republicii Moldova and applied to the period of observation of the funds raised by banks on December 21, 2008 - on January 5, 2009.

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