Don’t Knock the RON off it’s Stand
Like every summer, we asked bankers to ”make a bet on the exchange rate” – give a prediction as to the exchange rate evolution until the end of the year. With few exceptions, their predictions range between 4.1 and 4.3 RON, remarkably close to the July level. However, if Romania fails to meet the terms agreed with the IMF, especially on budget discipline, this could shatter the exchange rate stab…
12 august 2009
Crenguta Nicolae
