23 Februarie 2009
Isarescu: BNR is ready to avert the swaying shifts of currency exchange rates
BNR is ready to act in response to swaying shifts of the currency exchange rates, said the governor of National Bank of Romania (BNR).
Moreover, Isarescu said it was necessary a manageable adjustment of the leu as well as other emerging currencies in the region.
“It is necessary a certain lineup of currencies in the region, but the drastic decline of the local currencies can create shifts that could cut the economic balance and must be avoided”, Isarescu added.
BNR governor justified the “necessary correction” of the currencies with a flexible trend in the region by the existence of foreign imbalances in case of Romania, Hungary, Czech or Poland.