The leu closed at 4.3025/4.3050 to the euro, compared to 4.3040/4.3055 to the euro at Thursday closing.
Romania’s currency opened at 4.3090/4.3120 per euro, and strenghtened shortly after, as G20 officials pledged action to combat the economic crisis in Europe. However, fresh news on a potential default of Greece worsened the sentiment on the foreign markets and the leu slided in line with other currencies in the region.
Towards the closing, the leu switched trend, following the region, as the Polish zloty grew strongly after the central bank sold hard currency.
The Romanian central bank set the leu’s reference at 4.3072 per euro, slightly changed from 4.3081 per euro in the previous day.
On the money market, overnight rates rose to 3.8%-4.3% a year from 2.1%-2.6% a year Thursday.