Foreign Exchange Market, Dynamic Analysis

Abstract

During the period 2021-2024, the Republic of Moldova faced significant challenges due to the energy crisis and geopolitical tensions arising from the war in Ukraine. These factors led to substantial fluctuations in the Moldovan leu exchange rate on the foreign exchange market. To address these issues, the National Bank of Moldova (NBM) intervened actively, implementing appropriate monetary policies to manage fluctuations and maintain economic stability. Through adjustments in interest rates and other measures, the NBM aimed to influence lending conditions and control inflation. Despite the challenges, effective monetary policies helped reduce uncertainty and foster confidence in the Moldovan economy. While the war in Ukraine and the energy crisis impacted the foreign exchange market, NBM interventions provided a stable foundation for the country's economic development. CZU: 336.76; JEL: E520, F310