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Romanian leu steadies at 4.2950 versus euro at BNR reference exchange rate
The Romanian currency camped at 4.2950 over the single European one by the central bank’s reference exchange rate which stayed at the same level as yesterday, after the wave of drops in the region Friday morning. The leu was probably propped up by the good news that the European Union will double to 50 billion euros the aid ceiling for crisis-hit Member States and in need for financial support.The leu started out at 4.2960 over the euro and then fell to 4.3110 but succeeded to recover a bit and at noon banks were buying the euro for 4.2928 and selling it for 4.3025 lei.Regional currencies had a similar evolution. The Polish zloty fell from 4.6123 to 4.68 per euro but then grew back and the Hungarian forint dropped from 301.2 to 304.5.The central lender’s reference exchange rate pinned the American dollar at 3.1679 over the leu, a slight increase of the Romanian currency from Thursday’s 3.1809.