The leu opened flat at 4.561 to the euro and further appreciated, trading at 4.556/4.5575 to the euro in early action.
Friday, the central bank set the leu’s reference at 4.5538 to the euro, the highest rate in three weeks. Against the US dollar, however, the leu’s indicative lost 0.35% on the day to 3.52 units.
In the money market Monday morning, overnight rates were at 4.8%-5.5% a year.