The leu opened down at 4.395/4.397 per euro, from 4.389/4.391 per euro at Tuesday close and further lost ground, trading near 4.4 to the euro after the first hour.

Elsewhere in the region Wednesday morning, the Hungarian forint was losing 0.3% versus the euro, while the Polish zloty was roughly unchanged on the day.

The central bank set the leu’s reference at 4.3907 to the euro Tuesday, 0.2% stronger on the day. Against the US dollar, the leu’s indicative gained modestly to 3.3081 units, versus 3.3111 units in the previous session.

In the money market Wednesday morning, overnight rates were at 3.7%-4.2% a year.

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