The leu opened flat at 4.245/4.248 per euro, but further lost ground, hitting an early low of 4.249 per euro.

At around 10:00 local time, the leu traded at 4.2455/4.2475 to the euro.

Elsewhere in the region, the leu’s peers were losing around 0.5% against the euro.

The central bank set the leu’s reference at 4.2418 to the euro friday, down 0.26% from 4.2306 to the euro a day earlier.

On the money market Monday morning, overnight rates were at 4.5%-5% a year.

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