Get Adobe Flash player 

Cristian Popa: Romania eying to switch to the euro currency in 2015

18 noiembrie 2009

Information in English

Romania’s calendar for the euro area hasn’t changed because of the global crisis and the need to depend on a standby programme with the International Monetary Fund, said vice-governor of the National Bank of Romania (BNR), Cristian Popa, cited by Dow Jones Newswires.

Romania plans to join the exchange rate mechanisms (ERM2) in 2012 and is to switch to the euro on January 2015, said Cristian Popa, at a news conference organized in Vienna by the Austrian Central Bank.

Referring to the BNR decision of maintaining the reference rate of 8 percent , Cristian Popa said that this decision is not a signal changing the trend of the monetary policy of BNR. Besides, the BNR vice-governor deems that by the decision maintaining the interest rate and positive correction of the current account deficit of Romania, a major risk was removed targeting the exchange rate.

We have so far we’ve registered a continuous volatility of the exchange rate. I do not believe there are reasons anymore, mainly considering that the political turmoil is expected to end soon, so that the exchange rate have a better evolution than in the past, said Cristian Popa.

 

1 Stea2 Stele3 Stele4 Stele5 Stele (Ne-evaluat încă)
Loading ... Loading ...
Trimite prin email Trimite prin email

Comentează acest articol

*

NOTA: Va rugam sa folositi un limbaj decent in comentariile pe care le lasati. Folosirea de cuvinte obscene, atacuri la persoana autorului (autorilor) materialului, afisarea de anunturi publicitare, precum si jigniri, trivialitati, injurii se vor sanctiona prin cenzurarea partiala a comentariului, stergerea integrala sau chiar interzicerea dreptului de a posta, prin blocarea IP-ului folosit. Site-ul financiarul.ro nu raspunde pentru opiniile postate in rubrica de comentarii, responsabilitatea formularii acestora revine integral autorului comentariului.