When the former Tottenham forward returned to his boyhood club last month he refused to accept Steaua's cash and asked for a symbolic payment of one Romanian leu
(20 pence) to take over.
The Romanian leu
hit an 11-day low against the euro ahead of a debt tender which may force Romania either to scrap a self-imposed yield cap of 7 percent or to put even more emphasis on money markets and euro debt.
Accordingly, the bank will start trading Bulgarian Lev, Iranian Rial, Romanian Leu
and Russian Ruble.
But the Czech koruna, the Lithuanian litas and the Slovakian koruna have all appreciated, while the Hungarian forint, the Polish zloty and the Slovenian tolar have all fallen slightly, while the Romanian leu
and the Turkish lira have lost well over half their value.
Sweden and Romania have been exercising their right as EU Member States to apply respective terms and conditions to payments in their national currencies; therefore, the aforementioned requirements apply to payments in Swedish Krona and Romanian Leu
[ClickPress, Thu Dec 11 2014] Although we were surprised by the National Bank of Romania (NBR)'s policy rate cut to 3.25% on August 4 (we expected rates to be held at 3.50%), this does not materially change our bullish Romanian leu
versus bearish Hungarian forint view.
The central bank has also decided to maintain the current ratios of the minimum reserve requirements at 15 percent for Romanian leu
liabilities and 25 percent for foreign currency liabilities.
The Hungarian forint weakened to 271.26 per euro from 269.77 and the Romanian leu
slipped to 4.1271 a euro from 4.1121.
The winning resort, Poiana Brasov, near the city of Brasov in central Romania, was undoubtedly helped by sterling's stability against the Romanian leu
and easily the lowest lift pass and ski/boot hire costs at pounds 165.33.