currency
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Dijmarescu: Foreign currency interventions are permitted
Foreign currency interventions are permitted, but they have to be subordinated to the inflation goal, says NBR vice-governor Eugen Dijmarescu, who is in charge of the market activities of th...
Banca Romaneasca wants more foreign currency deposits
Banca Romaneasca has increased, rates for euro deposits by 0.8 percentage points on average, interest, in an attempt to attract larger sums from clients. Starting this week, the bank will pa...
Bankers call on exporters to cover foreign currency risks
Exporters may encounter problems because they are not using hedging instruments to protect themselves against foreign currency risks, states Lucian Anghel, chief economist with the BCR. "In...
RON, the currency of choice for savings
The RON returned as the population's favourite currency for savings, after placements in euros were more in demand last year. Starting November last year, deposits in RON have increased fast...
NBR drops cap on foreign currency lending
NBR drops cap on foreign currency lending
NBR's foreign currency reserve drops to 18,177bn euros
Foreign currency reserves of the National Bank of Romania continued to drop in June following payments made on the foreign debt, reaching 18.177 billion euros. This figure is 35.7% lower in...
NBR''s foreign currency reserve slightly down
Last month the NBR''s foreign currency reserve saw a slight drop, by 80.3 million euros, to 18.2 billion euros. This is the first obstacle to hold back the expansion of the foreign reserve o...
Foreign currency purchases by non-residents knock RON onto the ropes
The RON lost 1.6% against the euro in a single session yesterday, on a highly volatile market. Non-resident investors bought foreign currency in several stages, so that quotes had gone up by...
Bancpost resumes lending in foreign currency
Bancpost will resume lending in foreign currency over the next few days, after some of its significant shareholders have already deposited the amounts they committed to during the capital in...