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LAW OF THE REPUBLIC OF MOLDOVA

of July 21, 1995 No. 548-XIII

About National Bank of Moldova

(The last edition from 15-08-2019)

The parliament adopts this law.

Chapter I General provisions

Article 1. Legal status of National Bank of Moldova

(1) the National Bank of Moldova (the equivalent name - National Bank) is Central Bank of the Republic of Moldova.

(2) the National Bank is independent public legal entity and bears responsibility to Parliament.

(3) the National Bank is not subject to entering into the State register of the companies and the State register of the organizations.

(4) the National Bank can open at discretion branches and representations in the country and beyond its limits.

Article 2. The used concepts

In this law the following concepts are used:

The help with liquidity in emergency situations – ensuring liquidity with National Bank from own money to the solvent and viable bank facing temporary problems with liquidity or any other form of the help in emergency situations which can lead to increase in amount of money of National Bank without such transaction was part of monetary management.

Bank - the financial institution by the nature of the activities accepting deposits or their equivalents which can be translated by means of various payment instruments from physical persons or legal entities, and using these means fully or partially for loan granting or for investment at own expense and on the risk.

The requirement - the requirement to assets or any other values shown by one person to another, request for payment in debt repayment or other forms of repayment of obligations.

Debt obligation - any negotsiiruyemy debt or equivalent to it the tool, and also any other negotsiiruyemy tool which grants the right to receive other negotsiiruyemy debt obligation by means of subscription or exchange. Negotsiiruyemy debt obligations can exist in the form of the certificate or entry in the accounting register.

Infrastructure of the financial market – the multilateral system between participants and her operator operating within general rules, formal and standardized, used for the purpose of calculations, clearing (compensation) or registration of payments, securities, derivative financial instruments or other financial transactions.

Financial institution - the legal entity by the nature of the activities accepting deposits or their equivalents which cannot be translated by means of various payment instruments, and using these means fully or partially for loan granting or for investment at own expense and on the risk.

Monetary commitments - set of the obligations reflected in balance of National Bank, except for obligations to the Government and the International Monetary Fund.

The order - the obligatory regulation published by National Bank for the purpose of execution of this law concerning one or several financial institutions, components less than one category of financial institutions.

Basic rate - the interest rate of monetary management established by Executive committee and periodically published by National Bank.

The recommendation - the instruction of National Bank which does not have binding force.

Regulations - the obligatory regulation published by National Bank for the purpose of execution of this law concerning one or several categories of financial institutions and other legal entities and physical persons.

Article 3. Competence of National Bank

Enters competence of National Bank:

a) conclusion of agreements and release of obligations;

b) acquisition and the order by personal and real estate for the purpose of implementation of the functions and ensuring the activities;

c) the address with the claim to court and participation in process as the subject.

Article 4. Main objective

(1) the Main objective of National Bank are providing and maintenance of price stability.

(The National Bank develops 2) Without prejudice to the main objective and supports the financial system based on the market principles and helps general economic policy of the state.

Article 5. Main functions

(1) the National Bank performs the following main functions:

a) determines and performs monetary and monetarist policies of the state;

b) is effective as the banker and the agent of the state;

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