The RON is refitting to a balanced area in the new context, without major fluctuations, said the spokesman of the National Bank of Romania, Dan Suciu, after the exchange rate of the national currency against the euro reached a new record level.

He believes that if there are no slippages in public policies that lead to additional unmanageable spending through unsustainable increases in pensions or salaries, the leu will find a relatively quick balance.

“The leu is sitting in a balanced area in the new context, without major fluctuations. Today we had a depreciation of 0.1%, and since the beginning of the year somewhere around 1.6%, which, even if it seems counterintuitive for we record a historical maximum, shows a relatively stable evolution, especially in the complicated situation from an economic point of view, in which the forint depreciated by 8.8%, and the Polish zloty by 4.5% – to understand what happened in the region. If there are no public policy slippages that lead to additional unmanageable spending through unsustainable increases in pensions or salaries, the leu will find a relatively quick balance. If these spending pressures continue, the risk increases with them,” Suciu explained, according to Agerpres.

The leu depreciated, on Monday, by 0.60 bani against the euro (0.12%), the European currency reaching a new historical maximum and the exchange rate calculated by the National Bank of Romania (BNR) reaching 4.8552 lei/euro.

The NBR quoted the euro on Friday at 4.8492 lei. On the interbank market, the national currency traded between 4.8507 and 4.8582 lei for one euro.