The leu closed at 4.35/4.352 to the euro, 0.2% stronger from 4.359/4.36 to the euro Friday.
Elsewhere in the region, the Polish zloty was advancing 0.9% versus the euro, while the Hungary’s forint was up 1.5%. Investors hope Italy’s new austerity plan to reduce the deficit and bolster the economy will give the start for wider measures to tackle the sovereign debt crisis at an EU summit due this weekend.
The leu opened up at 4.349/4.35 per euro and traded near 4.35 per euro for most of the day.
The central bank set the leu’s reference at 4.353 per euro, slightly stronger on the day. Against the US dollar, however, the leu’s indicative lost 0.26% to 3.2363 units.
On the money market, overnight rates were flat at 5.5%-6% a year. The central bank pumped 2.38 billion lei (EUR546 million) into the market earlier Monday, in a repurchase agreement operation at an interest rate of 6% a year.