On Wednesday, the National Bank of Romania (BNR) set the reference rate at 5.2788 lei to the euro, 0.27 per cent weaker than Tuesday’s rate (5.2647 lei to the euro). The new rate surpassed the previous record of 5.2688 lei per euro, set on 6 May – the day after parliament passed a vote of no confidence in the government led by Liberal Prime Minister Bolojan, which led to the resignation of his cabinet.
According to the news portal Conso.ro, which tracks interbank currency trading in real time, on Wednesday morning the leu’s exchange rate against the euro fluctuated between 5.2718 and 5.2767.
Last week, Romanian President Nicușor Dan nominated Sigfried Mureșan, a member of the centre-right National Liberal Party (PNL), for the post of prime minister. Mureșan is currently holding talks with lawmakers from the PNL, USR and UDMR and presenting his government programme, in an effort to secure parliamentary support for the composition of his proposed cabinet. The centre-left PSD and the far-right AUR have stated that they will not support his government, meaning he is short of the 233 votes required for approval.
Last month, Fitch and Moody’s affirmed Romania’s credit ratings at the lower end of investment grade, whilst maintaining a ‘negative’ outlook. The next assessment by S&P Global Ratings is scheduled for 2 October.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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