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BNR could intervene to calm the exchange rate

Publicat la 22.01.2009, 22:00:00

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BNR could intervene to calm the exchange rate

 

For the third consecutive session, the benchmark exchange rate posted by BNR marked record-levels since the euro was introduced, at a RON 4.3127/€1 exchange rate.

Financial analysts say that the level of the exchange rate is already over-depreciated and dangerous for the economy. BNR’s foreign currency reserves dropped by more than €1 billion in December alone, to €26.22 bln.

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