“I believe the leu will recover to below 4.5 units against euro in response to political calm,” Georgescu said.
The leu lost over 2% against the euro over the past two weeks and fell to an all-time low of 4.5571 units, after the ruling socialist-liberal coalition moved to impeach President Traian Basescu. The latter was suspended by parliament and will face a referendum on July 29.
Since January, the national currency weakened by 5.32% versus the euro.