MDL information
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.
MAGICK to MDL conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | L0.1189 | 0.0200% / 0.0320%VIP 7 |
How to buy Cosmic Universe Magick
Buy MAGICK (or USDT) for MDL (Moldovan Leu) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell MAGICK (or USDT) for MDL (Moldovan Leu) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Cosmic Universe Magick to Moldovan Leu?
Cosmic Universe Magick to Moldovan Leu is falling this week.Conversion tables
The exchange rate of Cosmic Universe Magick is decreasing.MAGICK to MDL
MDL to MAGICK
Today vs. 24 hours ago
Amount | 14:42 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MAGICK | $0.003276 | $0.003720 | -11.94% |
1 MAGICK | $0.006552 | $0.007440 | -11.94% |
5 MAGICK | $0.03276 | $0.03720 | -11.94% |
10 MAGICK | $0.06552 | $0.07440 | -11.94% |
50 MAGICK | $0.3276 | $0.3720 | -11.94% |
100 MAGICK | $0.6552 | $0.7440 | -11.94% |
500 MAGICK | $3.28 | $3.72 | -11.94% |
1000 MAGICK | $6.55 | $7.44 | -11.94% |
Today vs. 1 month ago
Amount | 14:42 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MAGICK | $0.003276 | $0.003598 | -8.94% |
1 MAGICK | $0.006552 | $0.007196 | -8.94% |
5 MAGICK | $0.03276 | $0.03598 | -8.94% |
10 MAGICK | $0.06552 | $0.07196 | -8.94% |
50 MAGICK | $0.3276 | $0.3598 | -8.94% |
100 MAGICK | $0.6552 | $0.7196 | -8.94% |
500 MAGICK | $3.28 | $3.6 | -8.94% |
1000 MAGICK | $6.55 | $7.2 | -8.94% |
Today vs. 1 year ago
Amount | 14:42 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MAGICK | $0.003276 | $0.008011 | -59.11% |
1 MAGICK | $0.006552 | $0.01602 | -59.11% |
5 MAGICK | $0.03276 | $0.08011 | -59.11% |
10 MAGICK | $0.06552 | $0.1602 | -59.11% |
50 MAGICK | $0.3276 | $0.8011 | -59.11% |
100 MAGICK | $0.6552 | $1.6 | -59.11% |
500 MAGICK | $3.28 | $8.01 | -59.11% |
1000 MAGICK | $6.55 | $16.02 | -59.11% |
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