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Romanian Ctrl Bk Ready To Prevent Disruptive Movements Of Exch Rate

The National Bank of Romania, or BNR, is ready to act to prevent any disruptive adjustments of the Romanian leu, central bank governor Mugur Isarescu said Monday.
Romanian Ctrl Bk Ready To Prevent Disruptive Movements Of Exch Rate
23 feb. 2009, 16:06, English

Isarescu also said the leu’s depreciation in the last period is not justified.

The leu lost about 7% against the euro in 2009.

He added that Western European parent banks would keep their financing lines to their subsidiaries in the Eastern and Central Europe.