Moldova Eases Foreign Exchange Limits to Align with EU Standards
Moldova's parliament has approved a legislative initiative in its first reading to significantly ease foreign exchange limits, a move aimed at aligning the nation's financial regulations with European Union standards. The threshold for foreign currency operations that are exempt from National Bank of Moldova (BNM) authorization will increase from €10,000 to €100,000. This change is part of a three-stage liberalization roadmap designed to ensure the full free movement of capital before Moldova's potential accession to the European Union. State Secretary of Finance Elena Grumeza emphasized that this reform aligns national law with EU single market principles, which strictly prohibit restrictions on capital movements among member states and with third countries. The expanded €100,000 threshold will become effective one month after its official publication. The updated regulations specifically cover capital outflows from Moldova, including the acquisition of foreign financial assets, cross-border loans, and lo... 
