PM Victor Ponta: EUR back to normal and RON stronger after the referendum in Romania

Prime Minister Victor Ponta (in picture) recently said that the EUR will be “normalized” from next week. He believes the political crisis will end with the successful impeachment of the president via the referendum on July 29 and that the RON will strengthen after the vote. The Government's results are certified by the International Monetary Fund mission, he also said.

“"I am absolutely convinced that next week things will return to normal," said Ponta to a public TV station. Currency quotations have not stopped growing, in the absence of visible intervention of the central bank, so at the end of the most recent session the rate reached a new historical record of 4.60 RON/ EUR. The RON depreciated sharply in the last three weeks, by 3.4 percent, although the central bank has intervened in the market continuously to limit currency collapse. The perception of players has been and continues to be affected by the political turbulence, which had international echoes. Ioana toader, ioana.toader@romania-insider.com (photo source: Romanian Government)