OREANDA-NEWS. April 29, 2013. In March, 2013 the National Bank of Moldova carried out bank operations on the inter-bank foreign exchange market at a sum of USD 16 million, 30.6% up as compared with the previous month.

This sum included USD 6 million of swap operations, InfoMarket was said in the National Bank of Moldova. In March, 2013 as a result of spot operations the National Bank of Moldova bought USD 10 million. A share of operations by NBM in the inter-bank foreign exchange market made up 4.15% this March. NBM performs operations in the interbank foreign exchange market the 11th month in a row.

In the period between January and April, 2012 no such operations were reported. In February, 2013 the National Bank of Moldova carried out bank operations on the inter-bank foreign exchange market at a sum of USD 12.25 million. The National Bank of Moldova uses direct regulating operations -foreign exchange spots and swaps as the instruments of currency interventions. The spot operations mean purchases/sales of foreign currencies against Moldovan; they have an influence the monetary stock.

At the same time, a swap operation is a reversing instrument which does not affect monetary stock in long-term prospect. The swap operation means that the foreign currency is sold on the condition of its further re-purchase at the same sum and at the same exchange rate which have been fixed at the moment of the deal.