The Governor of the National Bank of Romania: The exchange rate below five lei for one euro was impossible to defend

Alegeri Romania

The Governor of the National Bank of Romania, Mugur Isărescu, stated that in May there was strong pressure on the foreign exchange market, with large capital outflows. He listed several negative factors for this situation, including tensions and often aggressive public discourse, the result of the first round of the presidential elections and the resignation of the Government. Isărescu added that the NBR intervened immediately after the elections with very large amounts and added that it was