The leu, pinched to roar at Băsescu -
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » December, 2013 » 4 December 2013

The leu, pinched to roar at Băsescu
04.12.2013, 00:00 | Finance-Banks | 742 views

The EUR/RON exchange rate seems to have been used again as a political weapon in a confrontation between president Traian Băsescu and the government led by Victor Ponta, according to some opinions expressed under the protection of anonymousness and reported in the media. This time, the leu (Romanian for lion) seems to have switched sides to the Govenrment, after it seemed to be siding with the president in the summer of 2012.

Yesterday, the leu fell to a two month low, against the Euro. The official exchange rate announced by the National Bank of Romania (NBR) was 4.4684 lei/Euro, after president Băsescu announced on Monday night that the won't approve the memorandum of understanding signed with the IMF.


Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 829 vizualizări
NBR governor disregards his own advice
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...

22.04.2016, ora 00:00 | 920 vizualizări
Mario Draghi: The ECB obeys the law not politicians
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...

23.02.2016, ora 00:00 | 839 vizualizări
The pound sterling, in its biggest decline since 2009
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...

Subscribe to newsletter
News: Yes  No 
Exchange Rates: Yes  No 

Top news last 7 days

Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.