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Romanian central bank governor urges Romanians to keep savings in local currency

de     HotNews.ro
Luni, 1 octombrie 2007, 0:00


Romania's National Bank (BNR) Governor Mugur Isarescu advised the population to save their money in Romanian currency on Sunday. He said at the opening of a conference in Bucharest that frequent exchanges are not recommended due to the costs associated with them. However, he suggested that those traveling often should keep their savings in foreign currency.

Isarescu said that the National Bank maintained its set objective regarding the adoption of the European currency in 2014. He added that the Bank might suggest that the adoption of euro could come earlier, even if the latest Fitch Ratings financial report on Friday advanced 2015 as a possible date.

When talking about credits, Isarescu said that the Central Bank could not oppose foreign-currency mortgage credits even if it did not encourage it.

The governor said that the Romanian economic situation is better than in the economy of the years between WWI and WWII, a period known as the most prosperous in Romanian history.
























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