Breaking News | Romania’s RON hits 2-week low vs. EUR; USD above 4 RON

Romania’s currency, RON, lost 0.24 percent against the European single currency on Tuesday, the exchange rate rising to 4.6397/EUR, the highest level since May 10, National Bank of Romania (BNR) data show. US dollar gained 1.9 percent to reach 4.0284 RON, the highest level since July 6, 2017. On Friday, the reference exchange rate were RON 4.6288/EUR and RON 3.9524/USD. Experts say the RON’s depreciation is due to higher liquidity in the money market on lower intervention decided by the central ...