The Finance Ministry will reopen Monday its April 2020-dated bond in a bid to raise 300 million lei (EUR68.2 million). The French bank said the improved liquidity in the interbank market might have a positive impact on the Romanian bond market in the coming weeks.
The leu closed at 4.383/4.385 to the euro, from 4.393/4.394 per euro Thursday.
The currency opened flat against the euro and was stable for most of the day. After BNP Paribas’ recommendation, the leu strengthened toward 4.38 to the euro.
Romania’s central bank set the leu’s reference rate at 4.396 versus the euro, modestly weaker on the day. Against the US dollar, the leu’s indicative lost 0.35% to 3.3673 units.
In the money market, overnight rates were at 1.1%-1.6% a year.