National Bank of Romania
Romania’s central bank on Monday set the benchmark exchange rate at 5.1998 lei ($1.17/1 euro) per euro, down 1.13% from 5.1417 lei per euro on Thursday.
The NBR had a day off on Friday, May 1.
On Monday morning, the leu exchange rate fluctuated between 5.1947 and 5.2139 per euro, according to real-time interbank trading data on the foreign exchange market published by the Conso.ro news portal.
Romanian Finance Minister Alexandru Nazare said last week that rising political tensions have led to a deterioration in market sentiment, which also affects the cost of government borrowing.
The far-right opposition party Alliance for the Unification of Romanians (AUR) and the Social Democratic Party (PSD), which left the government last month, filed a vote of no confidence in the cabinet led by liberal Prime Minister Ilie Bolojan. Parliament will vote on the matter today, May 5.
Earlier last month, the Social Democratic Party of Romania (PSD), the largest force in the Romanian parliament, withdrew its support for the government, with party leader Sorin Grindeanu blaming Bolojan for rising inflation and the loss of thousands of jobs.
Bolojan, who is also the leader of the National Liberal Party (PNL), said at the time that he would not resign and that his party would begin talks with other political groups in the coalition to explore the possibility of a functioning minority government.
