Wall Street Journal: Political turmoil hitting exchange rate and investor confidence in Romania

The Wall Street Journal has reported on the new record lows of Romania's currency, the leu, against the euro. According to the Wall Street Journal, doubt has been thrown on the political will to maintain commitments to the International Monetary Fund (IMF). Romania's governing coalition, the Social Liberal Union (USL) has repeatedly confirmed its commitment to the IMF's plan, but it appears that the current political dog fight is raising concerns among the international community.

According to the Wall Street Journal, the maintenance of the IMF agreement is vital for investor confidence in Romania. Yesterday's ( July 10 ) official exchange rate put the Romanian leu at 4.5206 to the euro, crossing the 4.5 milestone. Commentators have predicted an exchange rate of up to 4.7 against the euro Read the Wall Street Journal article here. editor@romania-insider