The rate is close to a six-month high of 4.434 units recorded Friday.

Romanian central bank Mugur Isarescu said Tuesday the leu’s recent appreciation against the euro was fueled by higher demand for government bonds from foreign investors, as well as by temporary cash flows from Russia and Ukraine.

Against the US dollar, the leu’s indicative gained a modest 0.08% on the day to 3.186 units Wednesday, a new record level in almost two and a half years.

The leu opened at 4.4355 per euro, from 4.4385/4.4405 per euro at Tuesday close.

At around 1:00 pm, the local currency traded at 4.4346/4.4355 versus the euro, amid a quiet market.

Elsewhere in the region, the leu’s peers were losing up to 0.2% against the euro.

In the money market, overnight rates were at 2.6%-3.1% a year.