Home / BUSINESS / FINANCIAL / BNR points to the Gov’t when asked who is responsible for the devaluation of the national currency

BNR points to the Gov’t when asked who is responsible for the devaluation of the national currency

The fiscal policies adopted by the Government, applicable since the beginning of this year, are an important cause for the depreciation of the national currency these days. Basically, the devaluation is a quest for market balance between interest rates and the exchange rate, National Bank spokesman Dan Suciu has told Digi 24 TV private broadcaster.

He said that in the second half of last year the market was steady, as a result of developments such as tempering of inflation.

Instead, since 2019, new fiscal policy measures have led to changes in the money and currency markets.

“They are connected, balance is being sought for, it’s a context of uncertainty,” Dan Suciu said. Asked by Digi24 journalists if it is the Government’s fault, he said, “I do not want to comment, I’ve already said that the new tax measures have an impact.”

He added that it is hard to predict whether the European currency will continue to strengthen against the national currency.

In a post this morning on their social page, PSD communicators say the Government has done everything in its power to bring money into the Romanian economy.

The measures listed by PSD communicators include attracting European funds, public policies to stimulate investment, support for exporters.

The explanations come after the RON depreciation on Wednesday, when it reached the lowest level against the EUR, a trend continued on Thursday.

About Victor Lupu

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