Moldova gives up on the foreign exchange brake! Companies avoid NBM approval for large transfers

The Government of the Republic of Moldova has approved a series of amendments to the Law on Foreign Exchange Regulation, marking the beginning of a process of liberalization of foreign exchange operations, requested by the European Union member states and recommended by the International Monetary Fund. According to the new regulations, companies will be able to carry out foreign exchange transfers exceeding the amount of 10,000 euros without the…