Elsewhere in the region, the Polish zloty was losing 0.3% versus the euro, while the Hungary’s forint was up 0.35%.

The leu opened at 4.248/4.25 per euro and further lost ground, hitting the day’s low at 4.275 per euro, amid a temporary spike in hard currency sales. It later recouped some of its earlier losses and traded below 4.27 per euro for the reminder of the session.

The central bank set the leu’s reference at 4.267 to the euro, 0.5% weaker on the day.

Against the Swiss franc, which investors seek in times of trouble, the leu’s indicative fell almost 2.7% on the day to a new all-time low of 4.0221 units.

The leu lost 17.6% versus the Swiss franc since January and over 41% since the beginning of 2010. Before the global meltdown in 2008, the leu traded at 2.2 per Swiss franc.

The national currency retreated against the US dollar as well, falling 0.4% to 2.9892 units, from 2.9768 units Monday.

On the money market, overnight rates were flat at 4.4%-4.9% a year.

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