The leu opened flat at 4.3895 per euro, but appreciated modestly in early action.
At around 10:00 am, the currency traded at 4.3865/4.388 to the euro.
Friday’s reference rate for the Romanian leu was set at 4.3794 versus the euro, the lowest level in almost seven weeks. Against the US dollar, the leu’s indicative weakened 1.2% on the day at 3.3737 units.
In the money market Monday morning, overnight rates were at 4%-5% a year.