Romanian currency expected to weaken 1 pct to almost 4.8/EUR this year in Reuters poll

Sorin Melenciuc 07/03/2019 | 14:19

The Romanian currency is expected to weaken 1 percent in the coming year against the European single currency up to RON 4.795/EUR mainly due to the new taxes imposed this year to banks and energy and telecom firms, according to a Reuters poll.

The RON has been the worst regional performer this year, as it has shed almost 2 percent since December following the announcement of new taxes on banks and energy firms and other measures.

“Even though the government is expected to change some of those measures, the leu is forecast to weaken 1 percent to 4.795 versus the euro in the coming year,” Reuters said.

On Thursday, the central bank’s reference exchange rate was RON 4.7448/EUR.

In the region, the Czech crown is expected to be the most performing currency. According to the Reuters poll of analysts, the crown is expected to strengthen to 25.185 versus the euro in a year from its mid-Wednesday level of 25.620.

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