Romanian Ctrl Bkr: Leu To Weaken Below 10% Vs Euro In 08

The average indicative rate of the leu in 2007 was of RON3.3373, after it reached RON3.5245 in 2006 and RON3.6234 in 2005 respectively.

The leu fell nearly 16% against the euro in the last six months of 2007 to RON3.6102 end-December from a five-year high of RON3.1112 in July. Since the start of this year, the leu lost more than 4% against the euro.

The leu closed at RON3.6330/6355 to the euro Tuesday, slightly stronger compared with Monday’s RON3.6370/6400.