The leu opened at 4.47/4.472 to the euro, similar to 4.471/4.474 to the euro at Friday closing.

It then started to gain ground until 4.459 per euro, before easing towards 4.4625/4.465 per euro at around 10:15 am (GMT0715).

Dealers said the trading session is dull, as the London market is closed.

On Friday, the central bvank set the leu’s reference rate at 4.4819 per euro, 0.1% stronger on the day.

On the money market Monday morning, overnight rates were down to 5.2%-5.7% a year, from 5.5%-6% a year in the previous session.

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