Romanian leu reaches new record low of the last six months, to 3.7028 versus the euro

Publish date: 30-09-2008
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The national currency dropped 0.54 percent, reaching 3.7028 lei per euro, a record low of the last six months, according to the reference exchange rate published by Romania's Central Bank (BNR).

The opening bell found the leu at 3.6900-3.6930 against the euro, inches above the Friday evening quota, but then started to lose ground to 3.7035 lei per euro. At 1:45 p.m., the banks were buying an euro for 3.6980 lei and selling it for 3.7010 lei. The leu lost 2.28 percent versus the U.S. dollar, from 2.5254 to 2.5830 lei per U.S. dollar.

It turns out the Romanian currency subscribed to the regional trend, where the Polish zloty slipped from 3.3533 to 3.4107 per euro and the Hungarian forint backed down from 239.63 to 243.13 versus the euro.

The international markets witnessed the U.S. dollar gain versus the euro from approximately 1.4562 to almost 1.4301 dollars per euro. Around 1:45 p.m. Romanian time, the euro stood at 1.4352 versus the euro.

BNR posted today an interbank bid rate (ROBID) of 11.16 percent a year, above the 10.92 percent rate of the previous session. The interest for interbank offer rate (ROBOR) rose from Friday's 11.42 percent to 11.66 percent a year.

Overnight deposits remain as high as 11-12 percent a year, above the key interest rate of 10.25 percent a year.

BNR drew today 30 million lei from a single bank as a deposit that will mature on October 6, at a 10.25 percent yearly interest rate.


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