Eugen Dijmarescu: BNR Allowed Liquidities to Work On Banking Market So As To Soften Pressure On RON

F.A.
Ziarul BURSA #English Section / 6 iulie 2007

The National Bank of Romania (BNR) allowed the liquidities on the banking market to work so as to soften the pressure on the RON, according to BNR Vice Governor Eugen Dijmarescu, who attended the annual meeting of economic advisers specialized in foreign commercial and economic promotion.

"BNR has several tools to intervene on the market in order to fine-tune the exchange rate," he said referring to the RON"s appreciation on the EUR. With regards to BNR"s transparency on this matter, Dijmarescu said "banks are interested in the tools that the central banks is going to use, but transparency has its limits."

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