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Romanians react to weaker RON by moving their savings in hard currencies

Romanians have reacted to the RON depreciation by moving savings from RON accounts into hard currency accounts in January, but continue to borrow money in the local currency, according to fresh central bank data quoted by http://business-review.eu. Bank loans in RON granted to individuals rose by 0.3 percent month-on-month and by 18.9 percent year-on-year in January, up to a fresh all-time high of RON 95.9 billion (EUR 20.2 billion) despite higher ...

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