Friday, the leu closed at 4.3815/4.3825 per euro.

Elsewhere in the region Monday afternoon, the leu’s peers were gaining around 0.4% versus the euro.

The leu opened at 4.383 to the euro and traded in narrow ranges in the first half of the day, in a quiet market. In the afternoon, the currency strengthened near 4.37 per euro.

The central bank set the leu’s reference at 4.381 to the euro, slightly weaker on the day. However, the leu’s indicative won 0.4% versus the US dollar to 3.3026 units.

In the money market, overnight rates rose to 5.2%-5.7% a year, from 1.7%-2.2% a year Friday as banks started building up their mandatory reserve requirements.

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