Local market
How the financial system of the Republic of Moldova works — the institutions, regulators and instruments available here, at home.
The Republic of Moldova's financial market is smaller than the international ones, but it has its own institutions, rules and opportunities. Understanding it means knowing who regulates it, where trading happens and what local instruments are available to you.
We have gathered here the structure of the system, links to the official sources (National Bank, NCFM, Stock Exchange) and the services through which you can invest locally — from government securities to protecting a business against currency risk.
The information in this section is indicative and educational. For official decisions, always check the primary source indicated on each card.
Explore the local market
Moldova's financial system, the official regulators and local investment services.
Moldova's financial system
How the Republic of Moldova's financial system is structured: institutions, roles and money flows, explained for everyone.
NBM
National Bank of Moldova — monetary policy and the official exchange rate.
NCFM – regulation
The authority that regulates the non-bank financial market.
Ministry of Finance
The state-debt issuer: T-bills, public debt and the sovereign rating.
Moldova Stock Exchange
The exchange operating since 1995: the regulated market, the MTF and old paper shares.
Moldova International Exchange
BIMx — the new exchange in CNPF authorisation, built on the Bucharest Stock Exchange model.
Invest in Moldova
Opening a local account and your first steps on the domestic market.
eVMS
Government securities — a low-risk investment.
Business hedging
Protect your business from currency risk.
Exchange rate
Official NBM rates: all currencies, history, charts and a converter.
MD economic indicators
Inflation, the MDL rate, GDP and wages in live charts, from official data.
MD stocks & bonds charts
Moldova Stock Exchange equities and government-securities (VMS) yields.
MD economic calendar
NBM decisions, statistics releases, VMS auctions and the fiscal calendar.
Invest at home, in the Republic of Moldova
Open a local account and access government securities, stocks and bonds on the domestic market, with step-by-step guidance.
FAQ
Who regulates the financial market in the Republic of Moldova?
The banking system and monetary policy are the responsibility of the National Bank of Moldova (NBM), while the capital market and the non-bank financial sector are regulated by the National Commission for Financial Markets (NCFM).
Can I invest in government securities as an individual?
Yes. Government securities are available to individuals too, including through the eVMS platform. They are considered a low-risk instrument, guaranteed by the state.
What is the Moldova Stock Exchange?
It is the organized market where shares and other securities of local companies are traded. Volume is smaller than on international exchanges, but it gives access to domestic opportunities.
How can I protect myself from exchange-rate fluctuations?
Companies with revenue or costs in foreign currency can use hedging instruments to lock in the rate and reduce risk. See the 'Business hedging' service for details.