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Romanians households prefer holding their savings in foreign currency

The stock of deposits held by Romanian residents in local banks at the end of July 2019 increased by 8.8% (4.5% in real terms) in year on year terms, to a total of RON 337.8 billion (RON 71.4 bln), as the volume of savings in local currency increased by 6.8%, to RON 220 bln, while the foreign currency savings advanced by 13%, to RON 117 bln, according to data from the National Bank of Romania (BNR). Firstly, the stock of deposits visibly exceeds the volume of loans extended by local ...

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