Romanian Pres Says Ctrl Bk Must Be Predictable And Gradually Reduce Its Reserves
14:57, 14 Iun. 2009
Romanian President Traian Basescu said Sunday the central bank has reserves of nearly EUR12 billion and owns in lei the equivalent of EUR6 billion, which belong to commercial banks, adding the central bank must keep only 2% in its reserves to allow Romani’s accession to the Eurozone in 2014.