Regulatory Alerts1997-11-28
Regulation on Banks' Open Foreign Exchange Position
The National Bank of Moldova issued this regulation to establish limits and rules for managing foreign exchange risks in licensed banks. It defines open foreign exchange positions and mandates that banks maintain their long and short position ratios within specific percentages of their total regulatory capital. Banks are required to calculate these positions daily, adhere to set sub-limits for branches, and report their status to the central bank.
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