Elsewhere in the region, the leu’s peers were losing up to 0.7% versus the euro, amid renewed tensions between Russia and Ukraine, after Gazprom said Ukraine must pay upfront for its gas deliveries. Investors are worried that gas supplies to other European countries could be affected as well.
The leu lost 0.4% versus the US dollar and its indicative reached 3.2516 units, its weakest level in three months.
The local currency opened at 4.391 per euro, from 4.3955/4.3965 per euro at Friday close. At around 1:00 pm, the leu traded at 4.398/4.401 to the euro, amid a quiet market.
In the money market, overnight rates were at 0.4%-0.9% a year.