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The National Prognosis Commission forecasts weaker leu in 2008

Publicat la 30.03.2008, 21:00:00

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The National Prognosis Commission forecasts weaker leu in 2008

The leu’s passivity, due to an aversion of investors to risk, amid international market turmoil, was a factor considered by the National Prognosis Commission (CNP) in its exchange rate forecast. As such, according to CNP’s estimates this spring, the average exchange rate for 2008 will be RON 3.55/€1, lower than last fall’s prognosis of RON 3.30/€1.

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