Romanian currency falls to 6-month low against the Euro

Newsroom 23/12/2016 | 15:33

The National Bank of Romania has announced on Friday an exchange rate of RON/EUR 4.53, sending the Romanian currency to the lowest level against the Euro in the last six months, taking into account the delays in the formation of the new Romanian Government. Analysts suggested that this has hit the trust of investors, according to News.ro.

On Thursday the BNR exchange rate was RON/EUR  4.5165.

At the last tender of state bonds from Thursday, the Finance Ministry rejected all the offers of the banks at the treasury certification tender with maturity on December 20 2017, taking into account that the banks’ offer was not that strong and the requested interest rates were considered too high.

The RON has lost value since Thursday afternoon, after president Klaus Iohannis said he would nominate the new PM after Christmas.

Georgiana Bendre

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