The Moldovan currency market is strongly synchronized with the electoral cycles. What effect will the 2018 elections have on the NBM exchange rate and reserves?
If we analyze the evolution of the forex market in the last 15 years, we observe an almost perfect synchronization of the market with electric cycles. Namely, before the 2-3 years elections there is accumulation of foreign exchange surpluses on the market, which leads to the appreciation of the currency, then in the electoral year, 2009, 2010,2014 there is a sudden shortage of currency conditioned by the massive withdrawal of the currency, then Again the accumulation cycle begins, and so over the last 15 years. This is the opinion expressed by the economist IDIS Viitorul, Veaceslav Ionita in the show "15 minutes of economic realism".