Romania's leu rises to 3.6250 against the euro, after the monetary policy interest grew to 9%Publish date: 05-02-2008
Romania's leu increased to 3.6250 lei against Europe's single currency at the end of the day and could continue hiking depending on the interests on the monetary market, after the Central Bank of Romania (BNR) rose the monetary policy interest to 9 percent per year, dealers said.
Banks sold 1 euro for 3.6740 lei this morning. The leu climbed to 3.6050 lei per euro. The national currency slipped in the afternoon and stood at 3.6250-3.63 lei per euro at 6:12 p.m.
BNR collected two-week deposits of 4.6 billion lei today, with an annual interest of 9 percent.
The U.S. dollar was traded from 1.4792 to 1.4850 U.S. dollars per euro on the international markets, while at 6:12 p.m. Romania's hour, the euro stood at 1.4815 U.S. dollars.
The interbank interest rates for overnight deposits exceeded the monetary policy rate of 9 percent per year.
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