The dollar exchange rate will remain at the same level in 2023

The dollar exchange rate in 2023 will remain at the same level. The Supreme Council adopted a resolution “On taking note of the main directions of the unified state monetary policy for 2023” in the course of the plenary session. The main directions of monetary policy developed by the Pridnestrovian Republican Bank and approved by the Banking Council set the currency corridor 16.10 - 16.50 rubles per 1 dollar, at the level of 2022.

The monetary policy principle will retain its continuity and will be based on exchange rate targeting in 2023, the document says. The main goal of monetary policy will be to promote economic growth and maintain stability in the financial sector of the republic, mitigate the negative impact of external factors on the socio-economic situation in the Pridnestrovian Moldavian Republic. The central bank will diversify the basket of reserve currencies and encourage the use of alternative currencies when making foreign economic payments in the context of external restrictions on international payment transactions.

The Central Bank of the Pridnestrovian Moldavian Republic when developing the main directions of monetary policy for 2023 was based on the forecast data of international organizations and experts regarding the global economic situation, devaluation and inflation processes in the countries – the main trading partners of the Pridnestrovian Moldavian Republic and other indicators that affect the situation in the economy of the republic.