The leu opened down at 4.118/4.12 per euro, from 4.113/4.1155 per euro at Friday’s closing. However, it started to gain ground shortly after and at around GMT0715 traded at 4.104/4.106 per euro.
Romanian central bank set the leu’s reference at 4.1208 to the euro Friday, the lowest rate in one month.
On the money market Monday morning, overnight rates were at 3%-3.5% a year.