04.06.2022

Over 80% of central banks are considering launching a central bank digital currency (CBDC) or have already done so, according to the 2022 PwC CBDC Global Index that analyses and ranks the leading more

02.18.2020

Telecom operator Orange Romania has added currency exchange services to its Orange Money app, allowing users to transfer money in 18 currencies at no extra charge. more

02.06.2018

Romania's central bank on Tuesday issued a statement saying it discourages lending institutions from any involvement in trading virtual currencies or providing services to entities trading virtual more

04.06.2017

The number of contactless payments rose fourfold and the value of transactions rose fivefold in 2016, but the 18% increase of currency in circulation is alarming, Elena Ungureanu, deputy country more

10.27.2016

The cash in circulation remained steady at RON51.7 billion (EUR11.7 billion) in September 2016, which was the second consecutive month without an increase, according to central bank data. more

02.18.2016

more

12.28.2015

The currency in circulation, which contributes directly to the development of the informal economy, rose to an all-time high of 45.5 billion (EUR10 billion) in November, an increase of 17% on the more

08.04.2015

Foreign currency transactions totaled EUR1.5 billion in July, EUR100 million higher compared with a month before but similar with the same period a year ago. more

07.01.2015

The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon after the EU more

03.18.2015

Romania’s government on Wednesday discussed a bill regarding the conversion of foreign currency-denominated loans into leu-denominated loans. more

03.02.2015

Romanian foreign exchange reserves fell by 113 million euros to EUR30.48 billion in February, from EUR30.59 billion in the previous month, central bank data showed Monday. more

09.25.2014

The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans granted to more

08.27.2014

Banks in Romania had retail and corporate loans worth just 213.8 billion lei (EUR48.3 billion) left in their portfolios at the end of July, a three-year low, as they are unable to sell enough loans in more

01.13.2014

The volume of foreign currency transactions on the Romanian market slid by 7% last year, to EUR388 billion, amid reduced foreign investments and weak appetite for leu-denominated assets. more

08.02.2013

more

03.28.2013

The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred from more

03.26.2013

Romanian small and medium-sized companies will have limited access to foreign currency loans once the central bank’s new regulations are in place, an official of Volksbank Romania said Tuesday. more

02.04.2013

Interest rates are declining and the leu is appreciating, while consumption is down, the economy is stalling and there is no improvement in standards of living. more

01.03.2013

Romania’s foreign currency reserves rose slightly in December but ended 2012 below previous year’s levels, central bank data showed Thursday. more

10.02.2012

Romania’s central bank will implement stricter rules regarding foreign-currency lending, and prospective borrowers must prove they can put up with severe shocks to the exchange rate. more

09.25.2012

The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency. more

08.06.2012

Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve. more

07.25.2012

Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ results more

05.18.2012

The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative being more

05.11.2012

The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become two of the more