On the interbank market on Monday, the leu oscillated between 4.6654 and 4.6670 versus the euro.

On Friday, the leu exceeded, for the first time, the threshold of 4.66 units per euro.

The depreciation of the leu over the past days was fuelled by political turmoil. President Klaus Iohannis on Wednesday named ruling Social Democratic Party nominee Viorica Dancila as prime minister designate. Dancila was proposed prime minister by the social democrats after power tensions within the party forced out the second prime minister in seven months, namely Mihai Tudose.

The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, fell slightly to 1.98% on Monday, from 1.99% last Friday (January 19).

The six-month ROBOR index, which is used to calculate interests on leu-denominated mortgage loans, dropped to 2.22%, from 2.23%.