Regulatory Alerts2009-01-22
Instruction on the Reporting of Certain Foreign Exchange Operations by Licensed Banks
The National Bank of Moldova's Council of Administration issued Decision no.11 on January 22, 2009, approving the Instruction on the reporting of certain foreign exchange operations by licensed banks. This instruction mandates licensed banks to compile and submit various monthly and daily reports to the NBM, including details on foreign currency purchase/sale, foreign exchange loans, cash operations, and foreign securities. These reports are crucial for the NBM to analyze the foreign exchange market, assess capital flow risks, and supervise banks' exposure to counterparty risk, while simultaneously abrogating previous reporting instructions.
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