The leu opened at 4.525/4.526 per euro, from 4.52/4.522 per euro at Friday close. It further depreciated, and traded near 4.53 to the euro at around 10:10 am (GMT0710).
Elsewhere in the region, the leu’s peers were weakening against the euro, with the Polish zloty shedding 0.7% versus the European common currency.
The central bank set the leu’s reference at 4.5535 against the euro Friday, the lowest rate since October 26, 2012. The leu’s exchange rate shed over 5% versus the euro over the past seven sessions, amid a negative sentiment in the region as investors are unloading their risk exposure.
In the money market Monday morning, overnight rates were at 4%-4.5% a year.