The leu closed at 4.292/4.295 per euro, 0.7% lower from 4.26/4.262 per euro Friday.

Elsewhere in the region, the leu’s peers were losing up to 2.5% versus the European currency, with investors turning away from risky assets as they expect Greece would default sooner rather than later.

The leu opened down at 4.277/4.280 to the euro and traded near 4.28 to the euro for the first half of the day. In the afternoon, the leu weakened more visibly and traded above 4.29 to the euro until closing.

The central bank set the leu’s reference at 4.2792 per euro, 0.2% weaker on the day. Against the US dollar, the leu’s indicative lost almost 1.4% to 3.1337 units.

On the money market, overnight rates fell to 3.7%-4.2% a year, from 4.5%-5% a year Friday.

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