Romania Ctrl Bk Sells EUR40M To Support Leu On Forex Mkt

“The intervention was made to test the market’s functionality, given the current volatility and uncertainties,” central bank spokesperson Mugur Stet said in a statement.

Earlier in the day, dealers have said the central bank stepped in directly on the foreign exchange market Friday in order to support the national currency.

"There was a central bank intervention on the market at around 0730 GMT, as the leu couldn’t have appreciated through indirect purchase orders," a dealer said.

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Shortly after the central bank’s intervention, the leu appreciated to RON3.7600 against the euro, from RON3.8260-RON3.8350.

The central bank estimated Friday an indicative daily average rate of the leu at 3.7690 to the euro, stronger than Thursday’s 3.8249.