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Isarescu: the foreign currency market functions as it should, the exchange rate is where the market places it

The foreign currency market works as  it should, and the exchange rate is where the market places it, said on Wednesday the governor of the National Bank of Romania, Mugur Isarescu saying that they could not keep an artificial rate as the bank would lose the foreign currency reserves.‘We can’t keep an artificial rate against the forces of the market. We cannot keep an artificial rate if the market is not in balance as we would lose the reserves. ...

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