The leu opened at 4.3700/4.3725 to the euro, weaker from 4.3640/4.3660 to the euro at Friday closing.

It continued to move down and, at around 10:15 local time (GMT0815), the leu was trading at 4.3830/4.3850 versus the euro.

The central bank set the leu’s reference at 4.3606 per euro on Friday, 0.3% stronger on the day. Against the US dollar, the leu gained 1% to 3.2482 units, from 3.2812 units a day before.

On the money market Monday morning, overnight rates were up at 6.5%-7% a year.

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