Moldova switches reference currency to euro
Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026

Moldova has switched its reference currency from the dollar to the euro to strengthen economic ties with the EU, enhancing stability and predictability.
KYIV (Reuters) - Moldova switched to using the euro from the dollar as the reference currency for the official exchange rate of the Moldovan lei, president Maia Sandu said on Thursday.
"With over 60% of our trade and 70% of remittances in euro, the move strengthens our economic ties with the EU, bringing more stability and predictability for all Moldovans," Sandu said on X.
The country's National Bank, in a statement published on Nov. 15, said that the switch from using the U.S. dollar reflected Moldova's economic shift towards the European Union market and would reduce fluctuations in the exchange rate.
(Reporting by Anastasiia Malenko; Editing by Toby Chopra)
The article discusses Moldova's switch from the dollar to the euro as its reference currency to enhance economic stability and EU ties.
Moldova switched to the euro to reflect its economic shift towards the EU and to stabilize its currency fluctuations.
The switch is expected to bring more stability and predictability to Moldova's economy, aligning it closer with the EU market.
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