The leu opened slightly up at 4.525/4.527 per euro, from 4.5275/4.529 per euro at Friday close. It fell to an early low of 4.53 to the euro, but euro sales from the central bank brought it back below that level after the first hour.
At around 10:15 am, the currency traded at 4.5245/4.527 to the euro.
The central bank set the leu’s reference at 4.522 against the euro Friday, weaker from 4.5156 per euro a day earlier.
In the money market Monday morning, overnight rates were at 5.3%-5.8% a year.