The local currency hasn’t been that strong against its European counterpart since January 7, 2009, when the central bank set a rate of 4.0720lei/euro.
The reference rate set by the NBR on Friday is 0.3% below Thursday’s level of 4.1286 lei/euro.
The leu showed modest gains in the morning, and at 13:45 it was trading at 4.11lei against euro.
“The decision to leave interest rates at low levels can be used to head off an excessive and fast-track appreciation of the leu in the forex market”, a dealer told NewsIn.
The emerging currencies in the region moved in the opposite direction today, with the Polish zloty falling from 4.03 to 4.04 units/euro, and forint dropped from 266.66 units/euro to a reference rate of 267.42.
For the US dollar, the reference rate set by the National Bank of Romania grew 0.54% to 2.8609 lei/dollar from yesterday’s 2.8454lei/dollar.
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