Banks and spare houses sell a more expensive euro with a few money compared to Tuesday. At the banks it is also void with 5.17 lei and at the exchange houses reaches 5.29 lei
Banknotes of 100 lei and 100 euros Photo: Inquam Photos / Alberto Groşescu
The banks sold the euro on Wednesday morning with up to 6-7 more expensive money compared to Tuesday, the price ranging between 5.11 lei and 5.17 lei (compared to Tuesday, when it was sold between 5.04 lei and 5.11 lei). Also, at the exchange houses the course increased stronger: from 5.05 to 5.2 lei or even more.
The new level tested by the NBR (Wednesday, the Central Bank published for the first time a rate of 5.03 lei for one euro) has produced strong emotional reactions among investors and population.
“Yesterday afternoon, the buying orders from customers came in waves,” says the foreign exchange dealer.
Shortly before 11 o'clock, real -time transactions on Eurron pair were made at a course of 5.09
The central bank will probably defend this new level, and if you see that the market is relaxed with this level, it is possible to see light and steps, says another foreign exchange dealer. The BNR interventions in the foreign exchange market are done through commercial banks, and those in Dealing Room see them immediately because the course has sudden movements on one side or the other.
Even the governor had pointed out in February that he would leave the lion “easily” to depreciate, admitting that at that time he was over-evaluated by 5%.
If we eliminate that overvaluation that Mugur Isarescu spoke of, we should see one euro for 5.2 lei, which is still far from its current quotations.
