“In this time of economic crisis, the European investors are shying away from risky assets. However, we’ve managed to contain the leu’s depreciation to no more than 2%,” said Adrian Vasilescu, adviser of central bank’s governor Mugur Isarescu.
By comparison, the Polish zloty has lost around 10% versus the euro since January, while the Hungary’s forint declined 8%, Vasilescu said.
Even the Czech koruna, which had a strong evolution against the euro, recently lost 2% of its gains, he added.
The leu weakened 1.1% versus the euro to 4.3308 units Wednesday, from 4.2848 units in January.