Romanian Leu Falls More Than 2% to Euro in Post-Election Selloff

Leul, Romania's national currency, is in danger. Investors are extremely concerned about the prospect of reaching the Cotroceni Palace to get an isolationist, so they want to escape it and buy the euro to protect their deposits. For the first time...

Romanian Leu Falls More Than 2% to Euro in Post-Election Selloff

Romania’s currency weakened more than 2% and breached the key level of 5 leu per euro after the country’s government collapsed.

Economist Andrei Caramitru warns that Romania is facing a "massive economic shock", highlighting financial instability that is accentuated by the depression of the lei and the fall of the bridges.

A day after Marcel Ciolacu resigned as prime minister, caused by the poor performance of the PSD-PNL-UDMR coalition candidate in the first round of the presidential elections, the international economic press is noting the collapse of the leu and Romanian assets. The most worrying signal comes from the American bank JP Morgan. JPMorgan announced on Tuesday that it will bet on […] The article JP Morgan – positioning on the evolution of the leu-eu…

The national currency has now been depreciated in relation to the euro, which was calculated by the National Bank of Romania at 5.03 litres, growing with 6.03 euro against the previous rate of 4.97 litres. The exchange rate thus records a historic maximum due to the tensions on the political scene. And the ROBOR figures in three months, [...]

The Romanian leu is depreciating sharply after the elections, amid the easing of the National Bank's monetary policy, Bloomberg reports. The national currency lost more than 2% of its value and exceeded the threshold of 5 lei to one euro for the first time, following the fall of the government.