Leu Depreciation Could Benefit Local Currency Lending And Exports, But Strikes At Trust And Inflation

03.21.2012 By Claudia Medrega

The leu's depreciation towards 4.4 against the euro could support the strategy recently adopted by Romania's central bank to encourage lending in lei, and could amount to a breath of fresh air for exporters who are already facing a decline in demand from eurozone countries.

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Keywords:
EXCHANGE RATE
, LENDING
, EXPORTS
, INFLATION