exchange rate
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It's just a matter of time before euro is worth 4 lei, say analysts
A 4-lei euro, a level that seemed unimaginable as early as at the beginning of this year, when one euro was still close to the 4.3-lei mark, is already considered by all analysts after the euro depreciation against the leu sped up this week.
Isărescu: Slight exchange rate fluctuations should not be apparent in prices
Fluctuations of up to 3-4% of the exchange rate should not be "paid attention to" and should not be immediately apparent in prices, says Mugur Isărescu, governor of the NBR (National Bank of...
Isărescu: Money from NBR's reserve cannot be used to pay pensions
Isărescu: Money from NBR's reserve cannot be used to pay pensions
Isărescu: Inflation to stop at 8%, hopefully exchange rate will help
Central bank Governor Mugur Isărescu yesterday had his first public appearance since the Government’s decision to raise the VAT from 19% to 24%; he announced that inflation would go up to 8%...
Exchange rate stability more convincing than NBR interest rate cut
Foreign currency non-government lending reached its eleventh consecutive month of growth in May, while the volume of existing loans climbed by the equivalent of two billion euros, to 29.9 bi...
Exchange rate interventions add 350m euros to NBR's reserve
The NBR garnered a further 350m euros in its coffers in April, with the foreign currency reserves thus hitting a new all-time high of 32.38bn euros. Dealers account for this increase by the...
Leasing contracts' trap: clients bear exchange rate differences
The exchange rate gives the biggest headaches to leasing firms' clients, as many of them learn as late as after they acquired the car that they are the ones who have to bear the difference b...
Greek problems and Poland's changed exchange rate approach, set to drive euro toward 4.2 RON
The Polish zloty's decline in the wake of an unprecedented intervention by Poland's central bank on the inter-bank market and a further deterioration of Greece's situation have also hurt the...
U-turn: the euro now forecast to go even below 4 RON
The euro will continue to become cheaper on the Bucharest market, with the exchange rate possibly going below the 4 RON/EUR mark, according to the latest estimates of banks.