Finance Ministry Uses Foreign Currency Buffer, Pushes ROBOR Below 2%

07.18.2012 By Razvan Voican

Sales of foreign currency from the reserve of the state’s Treasury to central bank BNR, a significantly lower offering of short-term government securities, the halving of overall amounts borrowed from the market and ultimately the 6 billion lei (EUR1.31 billion) pumped into the market in June and July when repayments of government securities exceeded new issues – these are the main instruments used by the Finance Ministry to counter pressures to increase interest rates as political tensions worsened.

To read the full story, please login. Not a member? Subscribe here.

Reveal Romania! Business news & views.
Find out all you need by reading the entire story
To invest in Romania, you need to find out about its opportunities.
To close a strategic partnership with a Romanian company, you need to learn about its market position and whether it is a trustworthy partner
To grow here, you need to be informed

Subscribe now
Only 50 euros/month (VAT not included)
Get access to reports, news and statistics in the main sectors of Romania’s economy. Follow the strategic moves of companies operating in Romania. We will keep you updated on the latest business events.
Contact: E: newsroom@zfenglish.com (newsroom), marketing@zfenglish.com (Marketing & PR), sales@zfenglish.com (subscriptions)
T: 0040-318.256.431 (Newsroom)
0040-318.256.158, 0040-318.256.408 (Subscriptions Department)
0040-318.256.469, 0040-318.256.470 (Advertising Sales Department)
0040-318.256.427, 0040-318.256.129 (Marketing & PR)

LOGIN / Lost password?

Keywords:: FOREX; , ROBOR; , TREASURY; , SECURITIES

Comment

Username:
Password: