The national currency hit a low of 4.4168 per euro early May, shortly after a government collapse following a no-confidence motion in parliament.

Against the US dollar, the leu’s indicative declined 0.2% on the day to 3.4209 units Friday.

The leu opened down at 4.421 per euro, from 4.4155/4.4183 per euro at Thursday close and further lost ground, after both international and local players have placed several orders to buy euros.

Market participants said the central bank has stepped into the market and sold euros to keep the leu’s falls in check. However, shortly after the central bank announced its reference rate, the leu fell to 4.4325/4.435 to the euro.

On the money market, overnight rates were at 3.6%-4.1% a year, from 3.8%-4.3% a year in the previous day.