Romanian leu

Central bank's Vasilescu: The entire collapse of the national currency was worth 2 bani

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

Central bank's Isarescu: We should let exchange rate, market function

The national currency has not depreciated in recent months and it is worse than an exaggeration to say that the (national currency) leu is on the bottom of the precipice, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a Thursday's press conference, mentioning that the forint and zloty depreciated more than the leu compared to the euro.

Engie Romania grants scholarships of 700 lei/months to Bucharest, Brasov pupils in dual education

Engie Romania invests 5 million lei for the qualification of about 120 young professionals from Bucharest and Brasov, who will receive a scholarship of up to 700 lei per month plus transport and meal through the "Energy for my job," program, the company announced on Friday.

BNR's Vasilescu: The leu declined fast, after 1 January, but not as fast as to create concerns

The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains.

Numismatic issue dedicated to the anniversary of 145 years since the establishment of State Mint

The National Bank of Romania (BNR, the central bank) has issued a silver coin dedicated to the anniversary of 145 years since the establishment of the State Mint; the mintage of this numismatic issue was 250 coins, BNR Governor Mugur Isarescu announced on Tuesday.

BNR's Isarescu: banks lost 3.6bn lei over 11 months, converting Swiss franc credits would cost 5.7bn more

Romania's banking system lost 3.584 billion lei over the first 11 months of 2014, in line with the IFRS standards, according to a presentation by Romania's Central Bank (BNR) Governor Mugur Isarescu, held on Friday in the context of the problems generated by the Swiss franc's appreciation. (1 euro = aprox. 4.45 RON)

Photo credit: (c) GRIGORE POPESCU / AGERPRES FLOW

Volksbank Romania freezes, for 3 months, Swiss franc's exchange rate, at December 31, 2014 level

Volksbank Romania announced on Monday that it would maintain, for a period of three months (from January 20 through April 17, 2015) a flat exchange rate of 3.8035 lei for one Swiss franc, for the payments of the next three monthly installments owed by customers.

Photo credit: (c) Gabriel PETRESCU / AGERPRES ARCHIVE

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