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

of April 15, 2004 No. 85

About approval of Regulations about the mode of required reserves

Based on Art. 11 and 17 of the Law on National Bank of Moldova and for the purpose of establishment of the mechanism of creation of required reserves in the conditions of separate reservation in Moldovan lei and freely convertible currency the Administrative board of National Bank of Moldova DECIDES: N548-XIII of July 21, 1995

I. Approve Regulations about the mode of required reserves it (is applied).

II. From the date of application of these regulations to consider invalid Regulations about procedure for forming and maintenance of required reserves by commercial banks of the Republic of Moldova for N5/08, approved by the decision of Administrative board, protocol N 40 of 26.12.1995 Monitorul Oficial al Republicii Moldova" by N8-9/11 of 08.02.1996), with subsequent changes.

III. The regulation of required reserves and stages of transition to separate reservation according to requirements of the Regulations about the mode of required reserves approved in item 1 of this resolution will be established by Administrative board of National Bank of Moldova in May of the current year taking into account the planned purposes of monetary and monetarist policies of National Bank of Moldova, evolution of the market and dynamics of inflation.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info