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March 6, 2021
POLITICS

Chamber of Deputies: Debate regarding Swiss franc credits in the Budget Committee

The Budget-Finance Committee of the Chamber of Deputies  meets today to discuss the measures necessary to minimize the impact of the Swiss franc appreciation on the credits issued in this currency.

‘Approval was requested from the Budget-Finance Committee in order to discuss Wednesday, at 11.00, in regards to the problem that appeared in Romania regarding the credits granted to individuals in Swiss Francs. The chairman of the Commission, Stefan Viorel, requested this, I have approved because it is outside the normal schedule approved by the Permanent Bureau for the commission’s activity,’ said the Speaker of the Chamber of Deputies, Valeriu Zgonea, on Tuesday, at the end of the Permanent Bureau session.

The chairman of the Budget-Finance Committee in the Chamber of Deputies, Stefan Viorel, requested the Permanent Bureau to approve for Wednesday, starting with 11.00 hours, a session of the committee in which ‘necessary measures to be taken be identified in order to diminish the impact of the appreciation of the Swiss Franc on the credits issued in this currency’.

During the session representatives from the National Bank of Romania, of the Romanian Banks’ Association, of the National Association for the Consumers’ Protection, but also of the associations for which the subject is of interest, will be heard by the Committee, as shown in Stefan Viorel’s request.

 

Swiss franc seems to calm in Romania

 

The National Bank of Romania (BNR) posted on Tuesday a reference exchange rate of RON 4.5037/EUR, RON 3.8780/USD and RON 4.4354/CHF. On Monday, BNR’s reference exchange rate was: RON 4.5018/EUR, RON 3.8815/USD and RON 4.4716/CHF.

On the interbank market the Swiss Franc oscillated on Tuesday morning from RON 4.4075 around 9.15 a.m. to RON 4.4494 at 11.35 a.m., and stood at RON 4.4476 at noon.

The Swiss Franc closed last week with a strong appreciation against the RON, gaining almost RON 0.70 in just two days, up to an official exchange rate of RON 4.4228/CHF on Friday. Last Thursday the RON lost approximately 16 per cent against the CHF, down to a record low of RON 4.3287, an exchange rate RON 0.587 higher than the one registered on Wednesday (RON 3.7415/CHF).

 

 

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