The reference rate set today by the central bank increased by 1.05% from Friday to 4.3257, the highest in 2010.

On Friday, the central bank set a reference rate of 4.2808 lei against euro. In the inter-bank market the RON/EUR rate crossed the 4.3 mark since the early trades.

The uncertainties related to the Government’s inability to put in place the announced austerity measures are the main factors that led to the sharp depreciation of the national currency. In the inter-bank market, a euro was traded for 4.3270 – 4.3360 lei at 13:00.

Versus the U.S dollar, the National Bank of Romania set a reference rate of 3.4996 lei/U.S dollar, up 0.24% from 3.4911 RON/USD on Friday.