Breaking. For the first time, the euro passed 5 lei at the course published by the NBR. The importers are worried, the exporters enjoy, and the rates on the euro credits increase

For the first time, the National Bank of Romania announced a course of 5.03 lei for one euro. The threshold of 5 lei for one euro was exceeded on Tuesday, when the central bank published the data on the exchange rate.

• The previous course was 4.97, so the difference is 6 money, which means a depreciation of 1.2%.
• A depreciated course will increase the imports and, on the other hand, will help the exporters to collect more lei on the invoiced currency.

The rates of those who have loans to banks in euros will grow slightly. For example, if you had a credit rate of 300 euros (1491 lei at the rate of 4.97 lei/euro), it will increase by 18 lei, if the euro climbs to 5.03 lei.

Exceeding this threshold of 5 lei is a natural thing, say economists. “The foreign exchange market is a market in which foreign currency enters and comes, and the course is established between demand and offer,” believes the chief economist of BRD, Florian Libocor, who, last year, said that we are already paying for a euro more than 5 lei.

“At the moment, wanting to pay, pay a euro with over 5 lei. In the entire utility area, where the invoices are in euro equivalent, you will see that the companies receive your single currency at over 5 lei,” Libocor said, November 2024.

“When you have a budget deficit of 9% and you gather the deficit of external trade in it you get a deficit of over 15%, which we must finance. The fact that the level of the course will go to 5 lei or 5 lei something, should not be perceived as an” explosion “of the course,” Libocor said last year.

BNR pumps currency to keep the lion stable

In the last two months, the Central Bank has made efforts to keep the lion below the threshold of 5 units for one euro, and this was seen in the exits of the Romanian exchange reserve, managed by the central bank.

Mugur Isarescu, BNR governor, argues that, given that Romania would face massive capital outings, the National Bank is prepared.

“Of course we are preparing for a presidential post -seller. We are prepared for possible capital outings, in fact the diminution of capital entries. A non -renewal of credit lines, as they were now, are not renewed and go elsewhere. Of course we have an impact on the market. of monetary policy rate because this, under the current conditions of strong fluctuations, uncertainties, can sound as an invitation to pressures in the sense of depreciation of the lion, ”explained Mugur Isarescu this year.