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Romanians move their savings in hard currencies on lower confidence in RON

Romanians have steadily moved their savings from RON accounts into hard currency accounts since the beginning of this year, a trend that could be associated with lower confidence in the local currency following the steep depreciation registered in January, according to fresh central bank data. Bank deposits in RON have become less attractive during the last couple of years as a consequence of low – and real negative – interest rates, ...

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