Romania's leu falls at 3.59 lei per euro in the second part of the day on low transactions

Publish date: 08-01-2008
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Romania's leu decreased to 3.5925 against the single European currency in the second part of the day according to the Central Bank of Romania, on low transactions, dealers said.

Euro was traded for 3.5940 lei in today's opening session. Romania's leu increased to 3.5820 lei per euro before 11 a.m. and then decreased to 3.59 lei per euro. The national currency stood around 3.5928 and 3.5950 lei per euro at 1:45 p.m.

The market has been quiet today and the euro was unchanged at 3.59 against the leu, dealer of the Banca Comerciala Carpatica, Florin Constantinescu said.

The U.S. dollar was traded from 1.4682 to 1.4736 U.S. dollars per euro on the international markets, while at 1:45 p.m in Romania, the euro was sold for 1.4705 U.S. dollars.

The interbank interest rates for overnight deposits stood around 7.5 and 8 percent per year after the central bank increased the monetary policy rate to 8 percent and announced it will hold an auction for two-week deposits with an annual interest of 8 percent. BNR collected 4.78 billion lei from the 14 banks which attended the auction.

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