The leu closed at 4.406/4.4075 per euro, 0.32% higher on the day. The national currency has lost around 1% versus the euro since an interim government led by Mihai Ungureanu was toppled in a no-confidence vote Friday, raising concerns about the country’s ability to continue reforms.
The leu opened at 4.406/4.407 per euro, from 4.42/4.4215 per euro at Wednesday close, and traded around 4.41 per euro for most of the session.
Romania’s central bank set the leu’s reference at 4.4078 to the euro, 0.2% stronger from an all-time low of 4.4168 to the euro a day earlier. Against the US dollar, the leu’s indicative gained 0.13% to 3.3551 units.
On the money market, overnight rates were flat at 4.1%-4.6% a year.