Dozens line up at Moldovan banks scheduled for closure

Staff Writer
Columbus CEO

CHISINAU, Moldova (AP) — Dozens of people lined up outside three banks after the central bank governor said they would be closed in line with demands from the International Monetary Fund.

Governor of the National Bank of Moldova Dorin Dragutanu said Thursday the state-owned Savings Bank, the Social Bank and Unibank, which have a combined 2 million accounts, will be liquidated by October and accounts will be moved to other banks.

Up to $1.5 billion disappeared from the banks before November general elections. An unpublished parliamentary report said some of the money was transferred to Russian banks.

Dragutanu sought to reassure Moldovans their money was safe, yet dozens lined up at the banks Friday. More than 3,000 people are expected to lose their jobs.