At around 16:30 local time, the leu traded at 4.42 per euro, modestly higher than 4.423 to the euro at Thursday close.

The Romanian leu slightly gained ground versus the euro by midday Friday and the central bank set the leu’s reference rate versus the euro at 4.4136 units, up 0.09% from 4.4177 the previous day.

Against the US dollar, the leu’s indicative lost 1.29% on the day to 4.062 units.

In the money market Friday, overnight rates were at 1.61% – 2.04% a year, from 0.49% – 0.92% a year the previous day.

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