The leu opened at 4.3765/4.378 to the euro, almost unchanged from 4.377/4.3775 to the euro at Friday closing.
The leu moved unsignificantly around the opening levels in the first hour of trading. “Volumes continue to stay reduced, so that quotes are varying very little,” a dealer said.
Romania’s central bank set Friday the leu’s reference rate at 4.3745 per euro, little changed on the day.
On the money market Monday morning, overnight rates were down to 1.4%-1.9% a year, from 3.3%-3.8% a year on Friday.