Governor of National Bank of Moldova in Bucharest says Moldova proves it can deliver concrete results, with direct impact on citizens, economy

Moldova proves that it can deliver concrete results, with a direct impact on citizens, companies and the economy. The integration into the Single Euro Payment Area (SEPA), the development of the MIA Instant Payments system, the strengthening of financial stability and the modernization of supervision are actions that enhance confidence in the European path of Moldova and in the capacity of institutions to build modern, safe and efficient solutions. Governor of the National Bank of Moldova (BNM) Anca Dragu has made statements to this effect, who took part in the official opening of the Bucharest Leaders’ Summit: United for a Better World, held in Bucharest.

Referring to Moldova’s integration into the SEPA, Anca Dragu noted that, in the first months after becoming operational, the SEPA infrastructure had generated savings of 6.59 million euros, by reducing transfer costs by over 90 per cent, down to an average of 1.26 euros per transfer, with the possibility of applying zero fees. At present, over 70 per cent of the volume of cross-border euro transactions is processed through SEPA.

The governor also highlighted the role of the MIA Instant Payments system, launched by the BNM in the spring of 2024, as a modern, safe and competitive payment infrastructure. The system is used by each second citizen with a bank account in Moldova and has become a regional benchmark for the development of digital payments.

Anca Dragu also referred to the constant partnership with Romania.

“The cooperation between Moldova and Romania is measured in implemented reforms, strengthened institutional capacity and tangible benefits for people and companies. It is a partnership that helps us build stronger institutions and bring Moldova closer to European Union standards,” underlined the BNM governor.

In conclusion, Anca Dragu reiterated that Moldova was ready to accelerate its European path, capitalizing on the opportunities created by financial stability, investments, reforms and strategic partnerships.

The Bucharest Leaders’ Summit: United for a Better World brought together officials, representatives of public institutions, academia the business community, and the diplomatic corps in a dialogue dedicated to cooperation, sustainable development and the consolidation of a safer and more prosperous common future.