{"id":238185,"date":"2006-05-23T15:25:00","date_gmt":"2006-05-23T15:25:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/05\/23\/central-bank-says-moldova-will-not-suffer-payment-incapacity-12764-eng\/"},"modified":"2006-05-23T15:25:00","modified_gmt":"2006-05-23T15:25:00","slug":"central-bank-says-moldova-will-not-suffer-payment-incapacity-12764-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/central-bank-says-moldova-will-not-suffer-payment-incapacity-12764-eng\/","title":{"rendered":"Central bank says Moldova will not suffer payment incapacity"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p> <img decoding=\"async\" height=\"140\" alt=\"\" hspace=\"3\" src=\"http:\/\/upload.moldova.org\/economie\/economy.jpg\" width=\"140\" align=\"left\" vspace=\"3\" \/>The National Bank of Moldova (NBM) qualifies as &ldquo;aberration&rdquo; the supposition that Moldova could experience payment incapacity because the wine businesses would not be able to reimburse the credits taken from banks. The central bank denies categorically this assertion saying that the state has foreign currency reserves to the value of $648 million, fourfold more than in the year of regional crisis, 1998. <\/p>\n<p>A communiqu&eacute; released by the NBM reads that the affirmations that the banks in Moldova could found themselves unable to pay deposits to the citizens and the country could go bankrupt are &ldquo;provoking and aberrant&rdquo;. The central bank specifies the aspects that could make the banking system and Moldova invulnerable to the problem of wine exports. <\/p>\n<p>According to the NBM, the credits granted by the commercial banks in winemaking and winegrowing and for selling the products of the two sectors hold an 8% share in assets and a 14% share in the credit portfolio. Under these conditions, the possible difficulties that can appear in connection with the return of the credits cannot influence significantly the liquidities available in banks. The liquidities held by the banks of Moldova were estimated at 2.8 billion lei on April 30, 2006. \/\/ Reporter.MD<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>The National Bank of Moldova (NBM) qualifies as \u201caberration\u201d the supposition that Moldova could experience payment incapacity because the wine businesses would not be able to reimburse the credits tak<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-238185","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p> <img decoding=\"async\" height=\"140\" alt=\"\" hspace=\"3\" src=\"http:\/\/upload.moldova.org\/economie\/economy.jpg\" width=\"140\" align=\"left\" vspace=\"3\" \/>The National Bank of Moldova (NBM) qualifies as &ldquo;aberration&rdquo; the supposition that Moldova could experience payment incapacity because the wine businesses would not be able to reimburse the credits taken from banks. The central bank denies categorically this assertion saying that the state has foreign currency reserves to the value of $648 million, fourfold more than in the year of regional crisis, 1998. <\/p>\n<p>A communiqu&eacute; released by the NBM reads that the affirmations that the banks in Moldova could found themselves unable to pay deposits to the citizens and the country could go bankrupt are &ldquo;provoking and aberrant&rdquo;. The central bank specifies the aspects that could make the banking system and Moldova invulnerable to the problem of wine exports. <\/p>\n<p>According to the NBM, the credits granted by the commercial banks in winemaking and winegrowing and for selling the products of the two sectors hold an 8% share in assets and a 14% share in the credit portfolio. Under these conditions, the possible difficulties that can appear in connection with the return of the credits cannot influence significantly the liquidities available in banks. 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