UPDATE 1 - Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
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Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
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Oct 11, 2007 18:30 EEST
October 11 (SeeNews) - The Romanian leu ended steady against the euro on Thursday, holding the stronger level reached on Wednesday, dealers said.
The leu opened at around 3.3280 versus the euro and briefly hit an intraday low of 3.3375/95 after news of tension in the government. But it then regained ground to end at 3.3270/90 lei per euro, one dealer told SeeNews. It closed at around 3.3290/95 on Wednesday, 3.3520/40 per euro on Tuesday and Monday and 3.3530/60 on Friday.
Agriculture Minister Decebal Traian Remes has resigned at the request of Prime Minsiter Calin Popescu Tariceanu, the government’s press office said earlier. A recent scandal focusing on the agriculture minister prevents him from carrying out his duties efficiently, it said. Remes came under pressure from the media to resign after Romanian prosecutors asked to investigate him on allegations of abuse of power.
The Romanian central bank (BNR) set its reference exchange rate, used for statistical purposes, at 3.3295 lei per euro on Thursday, compared to 3.3185 on Wednesday. For the dollar, the reference exchange rate was set at 2.3436 versus Wednesday’s 2.3463 lei.
Interest rates on overnight leu deposits averaged 5.80%/6.78% on Thursday, compared to 5.96%/6.91% on Wednesday.
Turnover on the interbank leu deposit market rose to 1.684 billion lei on Wednesday from 1.49 billion lei on Tuesday. The BNR will issue Thursday's figures on Friday.
Following are Thursday's average bid and ask quotes of commercial banks on Romania's interbank market. They were calculated at 11 a.m. (0800 GMT) by the BNR, based on data provided by 10 commercial banks (in percent):
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