The leu opened at 4.338/4.34 to the euro, compared with 4.341/4.345 to the euro at Friday closing.
It further strenghtened and traded at 4.333/4.3345 per euro by 10:00 local time (GMT0800).
Dealers said some local banks are selling euros from the provisions booked in previous years, after receiving central bank’s permission to adjust their accounts to international reporting standards IFRS.
In the region, the Hungarian forint was down 0.3% against the euro, while the Polish zloty was losing 0.4%.
Friday, Romania’s central bank set the leu’s reference rate at 4.3394 per eurolittle changed from 4.3396 per euro the day before.
On the money market Monday morning, overnight rates were stable at 3.6%-4.1% a year.