The Hungarian currency fell to its lowest level in 10 months after the newly-appointed governor Gyorgy Matolcsy amended the constitution to reduce the influence of his deputies.
The leu closed at 4.3715/4.3735 to the euro, 0.3% weaker on the day.
The local currency opened at 4.358 per euro, from 4.359/4.36 per euro at Friday close. It further depreciated and hit the day’s low of 4.375 versus the euro.
The central bank set the leu’s reference at 4.3643 to the euro, 0.2% lower ob the day. Against the US dollar, the leu’s indicative shed 1.15% to 3.3556 units.
In the money market, overnight rates were at 4.7%-5.2% a year, from 4.6%-5.1% a year Friday.