The leu opened at 4.5 to the euro, similar to Tuesday closing levels of 4.5/4.5015 to the euro.

The local currency gained ground after the first trades and was listed at 4.4945/4.4975 per euro at around 10:20 local time (GMT0820).

Romania’s central bank set Tuesday the leu’s exchange rate at 4.5085 per euro, from 4.5114 per euro the day before.

On the money market Wednesday morning, overnight rates were stable at 0.5%-1% a year.

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