Romania’s leu strengthened from its record low after the nation’s central bank was said to buy the currency.
The leu appreciated 1.1 percent to 4.5743 per euro by 5:26 p.m. in Bucharest. The Romanian currency was the world’s second- worst performer last month with a 3 percent slump against the euro, and reached an all-time intraday low of 4.6520 on Aug. 3.
The Banca Nationala a Romaniei exchanged euros into lei in the first half of today, said two traders at Bucharest-based banks, who couldn’t be identified because of company policy. Mugur Stet, a spokesman with the central bank, declined to comment when contacted by phone by Bloomberg News today.
To contact the reporters on this story: Irina Savu in Bucharest at firstname.lastname@example.org; Krystof Chamonikolas in Prague at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org