Leu enjoys best reference rate yet in 2008

The last time the leu was this strong was on 27 December 2007.  There is greater demand for lei this week, because this is tax season, people will be getting Easter bonuses, and Romanians working abroad are sending home money for Orthodox Easter.  Interbank interest rates, exceeding those of the region, are also sustaining the leu.  On the foreign currency market, the leu appreciated at the start of yesterday’s session to RON 3.5550/€1, dropping once again later on, in keeping with other regional currencies.  By 4:30 p.m. the rate stood at RON 3.5680-3,5843/€1.