European officials noted Romania may turn over to the euro earlier than 2014, according to Isarescu. The head of BNR said introducing the euro at an earlier date would be possible only if “things go well” within the Romanian economy.
Isarescu said the central bank will keep this year’s inflation target somewhere between 3 and 5 percent. An inflation target below 5 percent is planned for 2008, according to Isarescu.
Isarescu admitted that BNR underestimated the market’s need for low value coins. “We were scolded by large retailers such as Carrefour or Metro,” for the lack of coins, noted Isarescu.
Source: Newsin
