According to Ponta, this should happen after the referendum for impeaching President Traian Basescu and once the Government’s achievements are acknowledged by the MF mission.
“I am absolutely convinced that next week things will come back to normal,” Ponta said at the national TV station.
Romania’s leu continued its retreat against the euro in late action Monday and touched a fresh record low of 4.64 to the European common currency in the absence of a visible reaction from the central bank and amid a negative sentiment in the region.
The leu closed at 4.637/4.64 per euro, almost 1% weaker compared with 4.5925/4.595 to the euro Friday.
However, market participants said the leu’s evolution was mainly influenced by the local political scene ahead of a referendum on whether to impeach the President.
The leu’s exchange rates dropped to new lows against both the euro and the US dollar, at 4.6009 per euro and 3.7999 to the dollar, respectively. Friday, the leu’s rates were at 4.5848 per euro and 3.7438 per dollar.
The national currency weakened by 3.4% against the euro over the past two weeks amid political tensions, despite constant interventions from the central bank. Since January, the leu fell 6.5% versus the euro.
Market participants said the central bank is less aggressive than in the past and warned the leu could decline further in the absence of a stronger intervention.