The leu closed at 4.637/4.64 per euro, almost 1% weaker compared with 4.5925/4.595 to the euro Friday.
Elsewhere in the region, the leu’s peers were losing up to 0.93% against the euro, on renewed worries about an exit of Greece from the eurozone and the worsening economic situation in Spain.
However, market participants said the leu’s evolution was mainly influenced by the local political scene ahead of a referendum on whether to impeach the President.
The leu opened at 4.5995/4.603 per euro and further lost ground, trading above 4.6 to the euro for most of the session.
The leu’s exchange rates dropped to new lows against both the euro and the US dollar, at 4.6009 per euro and 3.7999 to the dollar, respectively. Friday, the leu’s rates were at 4.5848 per euro and 3.7438 per dollar.
The national currency weakened by 3.4% against the euro over the past two weeks amid political tensions, despite constant interventions from the central bank. Since January, the leu fell 6.5% versus the euro.
Market participants said the central bank is less aggressive than in the past and warned the leu could decline further in the absence of a stronger intervention.
In the money market, overnight rates were at 0.9%-1.4% a year, slightly lower on the day.