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BUCHAREST (Romania), October 10 (SeeNews) – Romania’s central bank, BNR, on Friday said it intervened directly on the foreign exchange market by selling some 40 million euro ($ 55 million).
“The intervention was aimed at testing the functioning of the market in the current context of volatility and uncertainty,” the central bank said in a statement.
Commercial bank dealers told SeeNews the leu traded at about 3.77 per euro immediately after the central bank stepped in, stronger than 3.83 per euro before the intervention. It depreciated back to 3.81 soon after the central bank’s euro sale.
($=0.7329 euro)
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