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

of March 27, 2003 No. 65

About approval of Regulations about the deposits overnight accepted by National Bank of Moldova from banks

Based on Art. 45 of the Law on National Bank of Moldova and for the purpose of maintenance of conditions of the money market the Administrative board of National Bank of Moldova DECIDES: N548-XIII of July 21, 1995

1. Approve Regulations about the deposits overnight accepted by National Bank of Moldova from banks it (is applied).

2. To the Department of Market Transactions (DMT), accounting department and department of information technologies and data processing to take necessary measures for ensuring accomplishment of this resolution till September 15, 2003.

3. This resolution becomes effective since September 20, 2003 and is published in "Monitorul Oficial al Republicii Moldova".

Regulations about the deposits overnight accepted by National Bank of Moldova from banks

Chapter 1 General provisions

1. These Regulations establish procedure for acceptance by National Bank of Moldova (further NBM) deposits overnight in Moldovan lei from licensed banks (further banks).

2. NBM accepts deposits overnight from banks based on Art. 45 of the Law on National Bank of Moldova of N548-XIII of July 21, 1995 for the purpose of maintenance of conditions of the money market.

3. The deposit overnight is the permanent mechanism provided to NBM to the banks allowing to place for one night in NBM deposits overnight on own initiative.

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