currency
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ING: currency lending is being boosted
The policy embraced by the National Bank of Romania (NBR), which aims to attract cash from the money market at high interest rates, is boosting the lending in foreign currency and leads to f...
Domestic currency, safe bet for investments
Those who heeded the advice of National Bank of Romania (NBR) Governor Mugur Isarescu and placed their bets on the domestic currency early in the year have logged hefty gains. On the other h...
Against all odds: single European currency loses ground to ROL
Monday, January 5, 2004. The single European currency was quoted at 41,252 ROL by the National Bank of Romania, only to soar to a new record-high on Monday, January 6: 41,438 ROL. Monday, Ma...
NBR: We're keeping an eye on foreign currency loans
The National Bank of Romania will maintain its restrictive monetary policy begun last year over the next few months, as well, keeping the intervention interest on the monetary market at 21.2...
Deposits, foreign currency and shares as money magnet
The brokers on the Bucharest Stock Exchange (BSE) expect shares to provide much better yields than banking deposits and government securities in 2004. The prospects look even more promising...
Christmas bonus pushes single European currency down on Romanian market
The ROL/EUR exchange rate dropped 132 units yesterday, down to 40.612 ROL/EUR, mainly because of the big sales of euros by the banking customers that need bigger amounts in the domestic curr...
Romanians to be allowed to take any amount of foreign currency out of the country
Several weeks ago, the central dailies wrote that Gigi Becali, owner of the Steaua Football Club, allegedly crossed the border with almost 300,000 euros in cash, aiming to award his players...
Foreign currency in favour again
Lending for companies and individuals did not slow down in October, maintaining a 5.7% monthly growth pace. The real growth in the first ten months of the year was 38.3%, to 276,592bn ROL. A...
Single European currency sees seven days of unnninterrupted growth
The single European currency has again surged against the US dollar on the international markets, which propelled the euro to a new record-high against the ROL yesterday in Bucharest - 40,50...