RBS: Leu To Fare Better Than Zloty And Forint

09.27.2011 By Razvan Voican

The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves (EUR36.8 billion, gold included) to force, if necessary, the desired exchange rate level, believe RBS analysts who visited Romania recently.

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Keywords:
RBS
, LEU
, CENTRAL BANK
, MARKET