Republic of Moldova: Central Bank Transparency Code Review

The National Bank of Moldova (NBM) has emerged from a challenging history regarding trust and accountability, significantly influencing its current transparency and communication practices. The NBM’s transparency practices align with core and expanded practices as defined by the IMF Central Bank Transparency Code and, in several areas, meet comprehensive practice requirements. External stakeholders view the NBM as a public institution that has recently become more dynamic and transparent, though there is room for improvement.