Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro?

05.18.2012 By Claudia Medrega

The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impact consumption.

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Keywords:: EURO; , EXCHANGE RATE; , BNR; , DEPRECIATION

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