currency
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Euro slides to new low of the year, dollar falls back below the 3 lei threshold
The Romanian currency has left behind the turmoil generated by the catastrophe of Japan and yesterday reached new highs against the euro and the dollars, returning thus to last spring's levels.
Bucharesters prefer savings in foreign currency
In the first three months of the year, Bucharesters made less deposits in RON, preferring foreign currencies for savings. In Calarasi and Teleorman, the counties with the lowest deposits, th...
Erste's Treichl calls for alliance against foreign currency loans
Andreas Treichl, the chief executive of Erste Bank and chairman of BCR's Supervisory Board, has called for an agreement with the central bank and all other commercial banks that would cause...
CEC to limit access to credits in foreign currency
CEC (The Romanian Savings Bank) will focus on granting funding in RON for individual clients, especially after recent exchange rate volatility has indicated that foreign currency loans can c...
Foreign currency reserve climbs to 25.5bn euros
The NBR announced a fresh increase in its foreign currency reserves, by 245 million euros in January, after an extremely turbulent month for the RON. The reserves climbed to a record 25.5 bi...
Mortgage loans in foreign currency top 3bn euros in September
Mortgage credits taken out in foreign currency exceeded the 3 billion-euro mark for the first time in September, after registering significant increases in the previous three months. The eur...
NBR's foreign currency reserve up by just 4m euros
The foreign currency reserve of the NBR (National Bank of Romania) rose by just 4.1 million euros in October, to 25.21 billion euros. This is the lowest monthly increase in this year's reser...
NBR's foreign currency reserve up by 510m euros
The NBR's (National Bank of Romania) foreign currency reserve reached 25.2 billion euros at the end of September, a 510 million-euro rise against the previous month. The rise occurred amid a...
Strengthening of RON doubles foreign currency loans
The volume of foreign currency loans taken out by individuals doubled in August against the same month last year, and climbed to over 30 billion RON (almost 9.4 billion euros), according to...