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Romania Ctrl Bk Considers New Restrictions To Curb FX Loans

Romania’s central bank could introduce new measures designed to discourage foreign currency lending and limit risk exposure, governor Mugur Isarescu said Monday.
Romania Ctrl Bk Considers New Restrictions To Curb FX Loans
05 iul. 2010, 15:57, English

„I don’t rule out more prudential restrictions regarding the credit/guarantee ratio for loans in foreign currency,” Isarescu told an economic seminar. „Setting higher provisions could also be a solution.”

The central bank’s official said Romania is not the only European country to face difficulties related to foreign currency lending, adding that other states consider stricter restrictions as well.