Romania’s RON hits 1-month low vs. EUR

Romania’s currency, RON, declined for the third day in a row against the European single currency on Wednesday, the exchange rate rising to 4.6524/EUR, the highest level since August 17, National Bank of Romania (BNR) data show.

On Tuesday, the reference exchange rate was RON 4.6678/EUR.

US dollar lost 0.07 percent to 3.9764 RON.

Experts say the RON’s deppreciation is due to higher liquidity in the money market.

The Romanian central bank has stopped repo operations this week, on lower liquidity need from local banks.

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