Romania's OMV Petrom, Vulcangas to open LNG/CNG filling stations
Dronamics, Qatar Airways Cargo team up for drone services
Ryanair to launch operations at Sarajevo airport with 5 routes in 2024
Air Montenegro to launch four new summer routes in 2024
Greece-Bulgaria hydrogen link poised to get EU funding
Oct 05, 2007 17:57 EEST
October 5 (SeeNews) - The Romanian leu ended the week stronger versus the euro on Friday in calm trade after volatility sparked by political wrangles earlier in the week, dealers said.
"The leu was traded rather calmly today. It touched an intraday low of 3.3680 lei per euro, before starting an appreciating trend which led it to close at 3.3530/60 per euro", one dealer told SeeNews.
Foreign investors were buying more lei after Romania's Liberal-led minority government survived a no-confidence vote on Wednesday and the political situation seemed to have stabilised, at least for now, the dealer said.
The no-confidence vote was proposed by the Social Democratic Party (PSD), the biggest group in parliament.
The leu's close at 3.3530/60 per euro was stronger than Thursday's 3.3690/710.
The central bank (BNR) set its reference exchange rate, used for statistical purposes, at 3.3637 lei per euro on Friday, compared to 3.3735 lei per euro on Thursday. For the dollar, the reference exchange rate was set at 2.3837 lei versus Thursday's 2.3890 lei.
Interest rates on overnight leu deposits averaged 7.12%/8.00%, compared to 7.02%/7.88% on Thursday.
Turnover on the interbank leu deposit market fell to 687.2 million lei on Thursday from 1.296 billion lei on Wednesday. The BNR will issue Friday's figures on Monday.
Following are Friday'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):
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options