The leu opened at 4.473/4.475 per euro, similar to Friday closing levels. However, after the local market closed, the leu lost more ground on the international markets and touched a fresh record low at 4.5 versus the euro.
In the first hour of trading, the leu rose slightly, in line with the other currencies in the region, on hopes the Greek authorities will find a way to remain in the euro-zone. The local currency tyouched an early high at 4.4715/4.473 to the euro, before switching trend again.
At around 10:30 local time (GMT0730), the leu traded at 4.4735/4.4755 to the euro, but the transferred volumes were low, dealers said.
On Friday, Romania’s central bank set the leu’s reference at 4.4646 per euro, close to the all-time low of 4.4662 per euro set in the previous session.
On the money market Monday morning, overnight rates were slightly changed at 4.8%-5.3% a year.