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News » January, 2011 » 4 January 2011

Central bank governor: Progress needed in 2011 for Romania to join euro
04.01.2011, 16:53 | Finance-Banks | 791 views



Romania needs to report further progress in 2011 so that it keep up with plans to join the euro in 2015, but reforms might take two years, which may change the date of euro adoption, Romanian National Bank (BNR) Governor Mugur Isarescu said on Tuesday.

He said on the occasion of the 10th anniversary of the European Institute in Romania that the country will have to shorten the time of development in order to join the euro. Isarescu said the Central Bank has kept the objective of euro adoption in 2015 and that it was acting towards that goal.

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