The leu opened at 4.4285 per euro, from 4.4265 per euro at Thursday close.

At around 10:00 am, the leu traded at 4.428/4.433 versus the euro. Elsewhere in the region, the leu’s peers were losing up to 0.2% against the euro.

Market participants said trading volume was low, but the demand for euros exceeded the offer during the first hour of the session. They said banks probably need extra foreign currency to book loan provisions while companies need to pay loan installments.

In the money market Friday morning, overnight rates were at 1.6%-2.1% a year.

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