Romania Targets Leu Exchange Rate Stability – Ctrl Bker

Romanian economy, banks, the Finance Ministry should all be interested in the stability of the Romanian leu to the euro and its correspondence with Romania’s economic fundamentals, Isarescu said in a meeting with the country’s finance minister Gheorghe Pogea and officials of the Romanian Bankers’ Association, or  ARB.

Isarescu added that Romania’s currency exchange rate is neither fixed nor fully free floating, saying the central bank is carefully monitoring the evolution of the exchange rate and its coverage by local interest rates.

"When things can no longer be stabilized, there is the possibility of a direct intervention from the central bank. They are all difficult solutions, we are working on them and we are about to stabilize them. The general interest is financial stability," Isarescu stated.

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The central banker stated that the confidence in the Romanian currency is also essential for financial stability.