The leu traded at 4.437 per euro in early session Wednesday, then it fell to 4.4468 per euro right after the resignation announcement.
“The news on PM’s resignation is triggering short-term uncertainties. Any uncertainly related to governing has a negative impact, including for state bonds. The quick forming of a new government would reverse losses. If uncertainty lasts longer, the depreciation will spread over a longer period,” Ciprian Dascalu, ING Bank Romania chief economis,t told MEDIAFAX.
Tuesday, the central bank set the leu’s reference rate versus the euro at 4.4318 units, up 0.11% from the previous day.
Romanian Prime Minster Victor Ponta has resigned Wednesday, following mass protests in the Romanian capital after a Bucharest nightclub fire left 32 dead and dozens of others critically injured.
Ponta said he hopes the fall of his government satisfies the expectations of people who protested in the streets. He added rational solutions are required.