The national currency slid on a downward path versus the euro early May, due to political turmoil following the government’s collapse in a no-confidence motion.

Monday’s reference rate is 2.7% lower compared with 4.3196 per euro registered at the end of 2011

Against the US dollar, the leu’s indicative lost 0.8% on the day to 3.4479 units, the lowest rate since July 2010

The leu opened at 4.436/4.439 per euro, from 4.44/4.4415 per euro at Friday close. After a brief period in the black, the national currency returned to losses and hit a low of 4.4445/4.446 per euro around noon

Elsewhere in the region, the leu’s peers were losing around 0.8% versus the euro, amid raising concern about Greece’s government.

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