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In 2009, the monetary mass of Moldova will decline and leu will depreciate by 10-15%, IDIS "Viitorul" experts.

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24.02.2009   Infomarket  533 

As the economic expert of IDIS Viitorul Sergiu Gaibu announced on Tuesday, in first half of 2009, NBM will be able to maintain a stable course of leu against foreign currencies, but in the second half of year there will be a risk of the micro crisis. Sergiu Gaibu forecasts depreciation of the national currency to the major currencies by 10-15% by the end of 2009. Forecast for 2009 is 10,6-11 lei for one U.S. dollar. According to economic experts, in 2009 remittances will reduce up to 1.4 billion U.S. dollars and inflation will make 10%. According to publication in "Monitorul Economic", presented at the conference in 2008, the monetary mass will reach its peak of 32.4 billion leis in September, 16,4% growth as compared with the beginning of the year. In October, November and December, the monetary mass will decrease by 1.77 billion leis or 5.5%. This tendency is strengthened by other macroeconomic indicators: reduction in industrial production in October and November, reduced volume of remittances, etc. In this context, the expert says that in 2009 the monetary mass will have a tendency of stagnation, especially if the government will not approve the policy of economic growth and injections of liquidity into the economy.



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