The Moldovan Ruble is the official currency of the Republic of Moldova, a country located in Eastern Europe. It is abbreviated as MDL and is subdivided into 100 bani. The currency was introduced in 1993, replacing the Soviet Ruble after Moldova gained independence from the Soviet Union. The Moldovan Ruble is issued by the National Bank of Moldova, which is responsible for maintaining its stability and regulating the money supply. The currency is used for all transactions within the country, and its value can fluctuate based on economic conditions and foreign exchange rates.