How to tame liquidity?
The Moldovan Leu (MDL) has broken through the lower limit of 17 lei - the official exchange rate on July 22 was 16.9884. The previous value below 17 lei was recorded almost three years ago on October 15, 2018 (16.9994). Over these incomplete three years, the 2020 was the year when the peak of the MDL devaluation was registered – on April 7, the exchange rate was 18.6369. In general, the leu has strengthened by only 1.28% since the beginning of the year (the value as of January 1 was 17.2093). But in January-February, no pandemic was declared yet. Nobody expected such a severe crisis. ...