The euro breaks 3.7 lei

“The market is tense, fragmented and characterized by wide spreads. There were massive buys in the morning, so the euro reached RON 3.7, and ended at RON 3.7230,” according to a statement for Business Standard by Narcis Noaghe, Chief Dealer at Romanian Commercial Bank (BCR).

The National Bank of Romania (BNR) attracted deposits of €1.63 billion at 8 percent annual interest, identical to that for the monetary policy. BNR has accepted the full offer of the 17 banks who participated in the auction.
Movements on a single day are insufficient to provide details on possible trends of the evolution of the leu, according to Adrian Vasilescu, Advisor to the Governor of the central bank. Vasilescu added “that there can be thousands of market fluctuations in a single day.”