currency
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ROL might lose 5-6% to currency basket next year
The depreciation of the national currency against the currency basket comprised of euros and dollars 75/25 could be of 5-6% next year, which means that considering a 9% inflation, the real a...
Domestic currency gets increasingly weaker
The depreciation of the ROL against the two benchmark currencies, the euro and the US dollar, has become increasingly more serious in the last few days and, considering the latest official s...
Foreign currency reserve: NBR starts delving into safes
National Bank of Romania's (NBR) foreign currency reserves fell 481.3 million euros in May, as the central bank was forced to delve into its pockets more often last month in order to contain...
Massive capital outflows prompt foreign currency deficit
Money is leaving Romania. Have the multinationals reached the consolidation stage and stopped reinvesting their profits? It is certain that capital outflows have been obvious on the interban...
NBR buys less foreign currency
The National Bank of Romania was a net foreign currency buyer last month, having bought almost 58 million euros from the interbank market, almost three times less than in the previous month....
Finance Ministry to borrow foreign currency
Romania could release the scheduled seven-year eurobond issue worth 500 million euros sometime in May. The short-list to be used for selecting the banks to broker the issue has just been put...
Exchequer no longer after exporters' currency
The exporters this year will become free of the constraints imposed by the legislation regulating the deadlines and conditions for collecting and repatriating foreign currency. The Public Fi...
Foreign currency deposits up
Foreign currency banking deposits resumed growth at the end of last year, after having gone down for several months in a row. This happened at a time when the interests on deposits had decli...
What's with all these currency inflows on the Romanian market?
Massive currency inflows are finding their way to Romania and it's not just the foreign direct investment.The persistent surplus recorded on the forex market has forced the National Bank (NB...