Friday, the leu closed at 4.581/4.5825 per euro.
The national currency opened at 4.577/4.5785 per euro and further appreciated, following the central bank’s announcement it has capped its repurchasing agreement operations for the third consecutive week, limiting the available amount to 5 billion lei (EUR1.1 billion).
Central bank governor Mugur Isarescu said recently that limiting repos was a swifter, more efficient method to control the leu’s evolution in the market than modifying the main interest rates.
The leu’s exchange rate strengthened slightly to 4.5757 per euro, from an 11-week low of 4.5809 units in the previous session. Against the US dollar, the leu’s reference won 0.13% on the day to 3.5051 units.
In the money market Monday morning, overnight rates fell to 3.2%-3.7% a year, from 4.7%-5.2% a year Friday.