Tuesday, the central bank had announced a reference rate of 4.2972 lei per euro.

The leu opened at 4.2925/4.295 against the euro, compared to 4.2915/4.293 at closing the day before. Dealers said the leu initially lost ground, touching an early low at 4.305 per euro, before rising towards a high of 4.2825/4.284 per euro.

At 1300 local time (GMT1100), the leu traded at 4.284/4.2855 against the euro.

On the money market, overnight rates dipped to 5.1%-5.6% a year, from 5.5%-6% a year.