Leu Slumps To Fresh Low Of 4.5142 Vs Euro On Political Worries

Update 07.06.2012 By Florentina Dragu

An escalating political battle between Romanian Prime Minister Victor Ponta and President Traian Basescu, which may culminate with the latter’s impeachment in parliament later Friday, have pushed the leu’s exchange rate to a new record low of 4.5142 versus the euro, the third consecutive decline this week.

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