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Romanian Leu Climbs on IMF Statements

January 28, 2010 at 2:51 by Jan Baros

Romanian LeuThe Romanian leu gained versus the euro today after the International Monetary Fund affirmed it will release the currently stopped bail out program for the eastern European country, allowing the leu to beat several currencies in the region.

After the International Monetary Fund stated that the $30 billion loan program for Romania will restart, the leu touched the highest level in a week versus the euro, since the bail out had been suspended after a political crisis unfolded in Romania. Currently, market sentiment towards Romania has improved significantly, as well as its political scenario.

EUR/RON closed today at 4.1300, showing a fall after trading at 4.1140 during today’s session, and from yesterday’s highest rate of 4.1405.

If you have any questions, comments, or opinions regarding the Romanian Leu, feel free to post them using the commentary form below.

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