The leu opened at 4.362/4,365 against the euro, compared to 4.365/4.3665 at closing the day before.

Within the first hour, the leu saw some moderate oscillation and, at around 10:00 local time, it was trading at 4.3665/4.3695 against the European coin.

The central bank set the leu’s reference at 4.3598 to the euro, the weakest rate in 17 months.

On the money market early Monday, overnight rates were at 6.5%-7% a year, compared to 7.13%-7.63% at closing the day before.