currency
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February, One Of Leu’s Best Months In Years
The Romanian currency has gained 1.5% against the euro since the beginning of the year going from 4.52 points to one euro to 4.45, which makes it one of the top three currencies in the region by appreciation in 2016.
Currency In Circulation Hit Record High In November
The currency in circulation, which contributes directly to the development of the informal economy, rose to an all-time high of 45.5 billion (EUR10 billion) in November, an increase of 17% o...
Greek Crisis Turns Leu Into Currency Of The Future For Romania
The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon afte...
Romanians Transfer Deposits From Lei To Euros
The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred...
Romanian Currency, Bourse Gain Ground, Consumption Declines
Interest rates are declining and the leu is appreciating, while consumption is down, the economy is stalling and there is no improvement in standards of living.
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
Leu Depreciation Erodes Profits Of Listed Companies
Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ r...
Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative...
Central Bank Worried About Capital Outflows From Banking Market
The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become t...