On Tuesday, the leu’s reference was set at 4.501 per euro, the weakest rate in more than six months.

Against the US dollar, the leu continued its decline Wednesday, as the exchange rate slid to 3.3106 units, an eight-week low, from 3.299 units the day before.

The leu opened at 4.5/4.503 to the euro, from 4.495/4.496 to the euro at Tuesday close, but it traded below the 4.5 mark for most of the early session.

On the money market, overnight rates stayed around 0.7%-1.2% a year, much lower than the central bank’s key rate of 4%.