Against the US dollar, the leu’s indicative fell a mere 0.02% to 4.1942 units.
According to analysts, the recent amendments to the Criminal Code adopted by the government on Tuesday evening will have a cost for the Romanian economy.
Moreover, traders expect the leu to exceed the threshold of 4.6 units versus the euro in the upcoming period.
Claudiu Cazacu, X-Trade Brokers Romania chief analyst, said that the level of concern of investors can be deduced from the value of the exchange rate, adding that a value of 4.6 units represents a high level of concern towards the political situation.
Cazacu said that the devaluation of the Romanian currency has both bad and good aspects.
“The depreciation of the leu could stimulate exports. Exporters would be glad. Otherwise, there is a long list of negative aspects. For instance, the depreciation could trigger additional costs for those who have installments in foreign currency and the price of imported products would increase if the exchange rate remained at a high level for a longer period,” X-Trade Brokers Romania chief analyst said.