The Romanian currency has been falling since early November, when the government adopted an emergency decree overhauling the country’s tax system and the central bank said it would allow more flexibility in the exchange rate.
The leu is under pressure due to the country’s ballooning trade deficit, which grew by nearly EUR2 billion in annual terms in January-September.
Analysts expect the leu to oscillate around 4.6-4.7 units to the euro in the next period.