The Leu-Euro Exchange Rate is No Longer "Frozen” as in 2023-2024, But Nor Does It Freely Reflect the Imbalances of the Economy. In January 2026, the Euro Crossed the 5.08-5.09 Lei Threshold, After a Slow, Managed Depreciation, and the NBR's Key Interest Rate Dropped to 6.5%. The Message Is Clear: Romania Has Started a Transition, But Without Changing Its Fundamental Strategy. The Adjustment Is There, But It Is Carefully Measured, To Avoid Social and Political Shocks. The Relative Stability of