RON/EUR exchange rate climbs to five-year high

The Romanian currency has been badly affected by the internal political tensions, and the leu / euro exchange rate jumped yesterday to the peak of the last five years. The Romanian currency leu depreciated by about 0.45% against the euro, compared to the level of Wednesday, reports local Ziarul Financiar. The exchange rate got close to RON 4.59/EUR 1. Romania’s National Bank announced yesterday an official exchange rate of RON 4.5872/EUR 1. A higher exchange rate was recorded in August 2012. The rate then amounted to RON 4.6481/EUR 1. Most of the ministers in the Grindeanu Government resigned yesterday after the Social-Democratic Party (PSD) and the Alliance of Liberals and Democrats (ALDE) withdrew their political support for the Government. However, Prime Minister Sorin Grindeanu said that he would not resign. Romanian PM excluded from Social Democratic Party, brings former PM Ponta into his cabinet editor@romania-insider.com