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

of February 11, 2010 No. 28

About the rates applied when implementing payment on maintenance of required reserves

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, requirements of the 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, DECIDES: Administrative board of National Bank of Moldova

1. In case of calculation of the amount of payment on maintenance of required reserves by banks in National Bank of Moldova the following rates are applied:

a) on the required reserves supported in Moldavian the leyakhsredny deposit rate of overnight (depending on the number of calendar days) estimated on the following formula:

where:

r - interest rate for interest payment for obligatory

t to reserves supported in the corresponding month of t (with rounding to two tenth);

R - interest rate of National Bank of Moldova for deposits

it overnight operating in certain days in the corresponding month of t;

I - the number of days in the corresponding month of t;

t

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