FOREIGN CURRENCY
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Foreign Currency Transactions Flat On Year In July
Foreign currency transactions totaled EUR1.5 billion in July, EUR100 million higher compared with a month before but similar with the same period a year ago.
Government Discusses Bill Regarding Conversion Of Foreign Currency Loans Into Lei
Romania’s government on Wednesday discussed a bill regarding the conversion of foreign currency-denominated loans into leu-denominated loans.
Romania Forex Reserves Down To EUR30.5B In February
Romanian foreign exchange reserves fell by 113 million euros to EUR30.48 billion in February, from EUR30.59 billion in the previous month, central bank data showed Monday.
Slow Shift To Leu Lending, As 62% Of Retail Loans Still In Foreign Currency
The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans g...
Crisis Wipes Out EUR80B From Romania’s Largest Market
The volume of foreign currency transactions on the Romanian market slid by 7% last year, to EUR388 billion, amid reduced foreign investments and weak appetite for leu-denominated assets.
Foreign Currency Regime
The main provisions currently regulating foreign currency operations are incorporated in NBR Regulation no.4/2005, on the foreign currency regime and Norm no.4/2005 on foreign exchange trans...
Romania Forex Reserves Down By EUR2B In 2012 To EUR31.2B
Romania’s foreign currency reserves rose slightly in December but ended 2012 below previous year’s levels, central bank data showed Thursday.
BNR Wants Stricter Foreign-Currency Lending Rules
Romania’s central bank will implement stricter rules regarding foreign-currency lending, and prospective borrowers must prove they can put up with severe shocks to the exchange rate.
Ghetea: SME’s Foreign Currency Lending Could Be Conditioned On Foreign Currency Resources
The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency.