“The quotations are unrealistic, because the word fictitious is too harsh for a governor,” said Isarescu, adding that this is all due to “players who have shown that money can be made without any capital.” BNR’s Governor further indicated that all Romanian banks have a high level of solvency and that rumors regarding possible bankruptcies are vicious, launched by “dangerous rumor-mongers.”

The leu appreciated slightly yesterday, to RON 3.7685/€1, after BNR intervened for the second time.

“To mess with the quotations on the screen is sinful on a market that wants to be functional. We thus wanted to find out what the real quotations are, and verify if what appears on the screen is correct. We do not intend to support the leu, but rather to back the market and its operation,” added Isarescu, referring to the direct interventions on Friday and Monday.

Bucharest Stock Exchange (BVB) indices appreciated on average over 7 percent yesterday, with a portion of issuers ending the session with close to the daily permitted high, of 15 percent. “Obviously, the major influence on yesterday’s exchange evolution was the plan for measures adopted by the G7 members, as well as optimism and the positive evolution on Asian and European capital markets,” said Tudor Cernica, Transaction Manager of BRD Securities.