The local currency opened at 4.4505/4.454 per euro, from 4.446/4.4475 per euro Friday, and traded near those levels in a quiet market.

The central bank set the leu’s reference at 4.4403 versus the euro Friday, slightly stronger on the day. Against the US dollar, the leu’s indicative lost 0.9% on the day at 3.4473 units.

In the money market Monday morning, overnight rates were at 4.5% a year.

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