The leu opened at 4.23/4.231 per euro, from 4.236/4.2375 per euro at Thursday’s closing, and further gained ground, hitting an early high of 4.226 per euro.

However, euro demand pushed the lew lower shortly after and at around 10:30 local time traded at 4.24/4.242 to the euro.

The central bank set the leu’s reference at 4.2341 to the euro Thursday, 0.4% lower on the day.

On the money market Friday morning, overnight rates were at 4%-4.5% a year.

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