The leu opened at 4.323 to the euro, and it registered some minor oscillation around this level.
At 10:00 local time (GMT0800), the leu was trading at 4.319/4.32 against the euro.
Wednesday is the first banking day of 2012 in Romania. In the last session of 2011, the central bank set the leu’s reference rate at 4.3197 per euro.
On the money market, overnight rates dropped to 2%-2.5% a year, from 4%-4.5% a year at closing in the previous session.