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Romanian currency - best rate in 5 years

Vineri, 29 iunie 2007, 0:00

The Romanian Leu reached on Friday a 1.134 Lei / euro rate, the highest quota during the past five years, as a result of speculation sale orders for foreign currencies coming from foreign investors.

"The main cause of the Leu appreciation is the cash regulation in banks, since we are at the end of the month and of the quarter as well. The exchange rate remains volatile", said Narcis Noaghea, dealer at the Romanian Commercial Bank (BCR), quoted by NewsIn.

Since the beginning of the year, the Romanian Leu grew 6.61%.

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