The foreign exchange market will calm down in the next period, claims the spokesperson of the BNR. Fears about the political situation persist
The spokesperson of the National Bank of Romania, Dan Suciu, told Digi24 that the situation on the foreign exchange market “will calm down” in the coming days, but this does not mean that the uncertainties related to the political crisis will disappear.
“Indeed, we saw today a very turbulent day in the foreign exchange market. That's what happens in times of uncertainty, in turbulent times. We are in such a period of uncertainty in terms of governance and this has seriously manifested itself in the foreign exchange market. Now, based on the data that we have right now, we can say that in the immediate period the situation will calm down. It is in the process of calming down. There are data that we can extract from the market and can allow us to make this assessment, that in the immediate period next we have a calming of the market. This does not mean that we have a dissipation of uncertainties”, explained Suciu, quoted by Agerpres.
He emphasized that there are a few days ahead in which political tensions are high, there are many uncertainties, and this means that possible pressures on the course may continue.
The national currency depreciated on Thursday in relation to the euro, which was calculated by the National Bank of Romania (BNR) at 5.1417 lei, up by 4.13 bani (0.8%) compared to the previous quote of 5.1004 lei, registering a new historical high.
Also, the leu lost ground against the US dollar, which was quoted at 4.3965 lei, up by 3.70 bani (+0.84%), compared to Wednesday, when it stood at 4.3595 lei.
The national currency also depreciated in relation to the Swiss franc, calculated by the BNR at 5.5821 lei, up by 6.40 bani (1.16%), compared to 5.5181 lei, the previous quotation, registering a historical maximum.
