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base info Convergence

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CONV
CONV
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MDL
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About Moldovan Leu (MDL)

The Moldovan Leu (MDL), introduced in 1993, is not just the official currency of Moldova; it represents the country's journey through economic transition and its aspirations for a stable and prosperous future. It is commonly abbreviated as MDL and represented by the symbol L. Emerging after the dissolution of the Soviet Union, the Leu replaced the Soviet Ruble, marking a significant step in Moldova's path towards economic sovereignty and reform.

Historical Background

The introduction of the Moldovan Leu was a crucial element in Moldova's post-Soviet economic restructuring. It symbolized a break from the past and was a critical component in establishing a separate and independent monetary system, aligning with the nation's newfound political independence.

Design and Symbolism

The design of the Moldovan Leu reflects the nation's rich cultural heritage and history. Banknotes and coins feature images of prominent historical figures, significant architectural landmarks, and symbols representing Moldova’s traditional and cultural identity. These designs not only facilitate economic transactions but also serve as a source of national pride and identity.

Economic Role

The Leu plays a critical role in Moldova’s economy, which has been marked by a gradual transition from agriculture-based to more diverse sectors, including manufacturing and services. As the primary medium of exchange, it supports these economic activities, facilitating trade, investment, and everyday financial transactions.

Monetary Policy and Inflation

Managed by the National Bank of Moldova, the Leu has faced challenges such as inflation and currency stability, especially during periods of political and economic uncertainty. The central bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and fostering sustainable growth.

International Trade and the Moldovan Leu

The value of the Leu is important in international trade, particularly for Moldova's exports like wine, fruits, and textiles. A stable Leu is vital for maintaining competitive export prices and attracting foreign direct investment.

Remittances and the Economy

Remittances from Moldovans working abroad, particularly in Russia and EU countries, are a significant source of foreign income. These funds, converted into Lei, play a substantial role in supporting households and contributing to the national economy.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
L0.001719
0.0200% / 0.0320%vip-iconcalculator.compare.vip
OKX
L0.001861
0.080% / 0.100%
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Gate.io
L0.001747
0.1000% / 0.1000%
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$368.29K
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$90.26K
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3.93B CONV

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0.5 CONV
L0.0008384
1 CONV
L0.001677
5 CONV
L0.008384
10 CONV
L0.01677
50 CONV
L0.08384
100 CONV
L0.1677
500 CONV
L0.8384
1000 CONV
L1.68

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0.5MDL298.19  CONV
1MDL596.38  CONV
5MDL2,981.91  CONV
10MDL5,963.82  CONV
50MDL29,819.09  CONV
100MDL59,638.18  CONV
500MDL298,190.91  CONV
1000MDL596,381.82  CONV

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0.5 CONV$0.{4}4685$0.{4}5049
-7.25%
1 CONV$0.{4}9371$0.0001010
-7.25%
5 CONV$0.0004685$0.0005049
-7.25%
10 CONV$0.0009371$0.001010
-7.25%
50 CONV$0.004685$0.005049
-7.25%
100 CONV$0.009371$0.01010
-7.25%
500 CONV$0.04685$0.05049
-7.25%
1000 CONV$0.09371$0.1010
-7.25%

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0.5 CONV$0.{4}4685$0.{4}6298
-25.76%
1 CONV$0.{4}9371$0.0001260
-25.76%
5 CONV$0.0004685$0.0006298
-25.76%
10 CONV$0.0009371$0.001260
-25.76%
50 CONV$0.004685$0.006298
-25.76%
100 CONV$0.009371$0.01260
-25.76%
500 CONV$0.04685$0.06298
-25.76%
1000 CONV$0.09371$0.1260
-25.76%

calculator.detail.price_year

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0.5 CONV$0.{4}4685$0.0002565
-81.85%
1 CONV$0.{4}9371$0.0005131
-81.85%
5 CONV$0.0004685$0.002565
-81.85%
10 CONV$0.0009371$0.005131
-81.85%
50 CONV$0.004685$0.02565
-81.85%
100 CONV$0.009371$0.05131
-81.85%
500 CONV$0.04685$0.2565
-81.85%
1000 CONV$0.09371$0.5131
-81.85%

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