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The RON continued to depreciate against the European currency, with the National Bank of Romania announcing an exchange rate of 4.9783 lei/euro, which is a difference of 0.1% compared to the previous day.
81% of the respondents to a CFA Romania survey anticipate a depreciation of the RON in the next 12 months (compared to the current value). Thus, the average value of expectations for the 12-month horizon of the exchange rate is 5.0274 lei for one euro.
The depreciation comes against the background of structural problems in the economy – high budget deficit, huge trade deficit, a chronic lack of reforms, all on a bad history of accessing the funds made available by the EU through the National Recovery and Resilience Plan (NRRP).
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Black Zonure SRLUniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002