Financial Education Campaign “Dă sens banilor”: From Savings to Investments
Automatically translated summary. The full text is available in Romanian.
As part of the financial education campaign “Dă sens banilor”, a note explains how people in Moldova can save and invest their money. It describes the main savings options available on the national financial market, their risks and guarantees, and the limited range of financial assets open to individuals.
Savings are defined as the money left from income after personal consumption expenses, and the most prudent place to keep them is a bank, in current accounts or deposits. Bank deposits are the main savings form in Moldova. They are insured by the Deposit Guarantee Fund in the Banking System, but only up to MDL 50,000, regardless of the number or size of deposits.
Savings deposits at Savings and Loan Associations, found mainly in rural areas, require membership and a membership fee. They are not yet guaranteed, so depositors bear the full risk. Financial investments are spending on financial assets to earn a profit. The national market offers a limited choice: government securities issued by the Ministry of Finance, shares listed on the stock exchange, and some voluntary pension plans or life insurance. The note was funded by the British Embassy in Chișinău through the Good Governance Fund.
Recent publications from Financial sector
See all
Monitoring Report on the Implementation of the State Property Management Strategy for State-Owned Enterprises and Companies with Fully or Majority State Capital
Position Paper. The Involution of the Budget Process in the Republic of Moldova
Position Paper “Government Factoring – a Solution for Reviving Moldova’s Agricultural Sector”
