The leu’s reference rate weakened to 4.5275 against the euro, from 4.5142 units Friday. Against the greenback, the leu’s indicative lost 1% on the day to 3.6848 units.
Friday evening, Romanian lawmakers voted 258 to 116 to suspend President Traian Basescu, following official procedures initiated by the ruling socialist-liberal government. A referendum on the impeachment was called for July 29.
The national currency opened higher at 4.52/4.523 per euro, from 4.5375/ 4.5399 per euro at Friday close.
At around 1:00 pm, the leu traded at 4.526/4.5295 per euro.
In the money market, overnight rates were flat at 4.9%-5.4% a year.