National leu currency to depreciate slightly by year-end
Dumitru argues the leu’s depreciation tendency will continue in 2009 too, even though it will no longer see the big fluctuations registered so far.
The higher-than-expected economic growth in the first half-year turns into a double-edged sword, since it indirectly leads to a widening current account deficit and to a weakening of the national currency.
Indeed, the GDP advance scored in the first half-year is based on the monthly growths in the construction sector, on a very good agricultural year and on the accelerated industrial production.
The exchange rate of the leu announced on September 10 by the banks authorized to operate in the foreign exchange market is 3.5974 lei to the euro.