BUSINESS

President Iohannis, National Bank Governor meet on current monetary policies, the situation created by the Swiss Franc sharp appreciation

President Klaus Iohannis and the National Bank of Romania (BNR) Governor Mugur  Isarescu (photo)  met on Friday at the Cotroceni Palace, for talks on the situation created by the sharp appreciation of the Swiss Franc. “The President of Romania, Mr. Klaus Iohannis, received at the Cotroceni Palace on Friday the  BNR Governor Mugur Isarescu in a working meeting on current monetary policies. On the occasion of the meeting, the situation created by the appreciation of the Swiss Franc was also raised as well as the experts’ opinions on the issue,  “the Presidential Administration informs on its website.

The National Bank of Romania announced on Friday an exchange rate of RON 4.5817 /CHF, thus registering the sixth consecutive maximum in the last seven sessions, while the dollar hit a new record of 3.998 RON and the euro fell to 4.4935 RON.

On Thursday,  the National Bank of Romania (BNR) posted an exchange rate of RON 4.5152/CHF and RON 4.5005/EUR. Thus, the RON/CHF exchange rate has surpassed the RON/EUR one.

Compared to the day before, the RON lost almost RON 0.01 against the CHF, the exchange rate going up by 0.22 per cent from RON 4.5054/CHF. The RON gained RON 0.0105 against the EUR, the rate dropping by 0.23 per cent from RON 4.5110/EUR. On Thursday the RON appreciated significantly against the USD, by RON 0.0268 (+0.54 per cent), from RON 3.8989/USD to RON 3.8721/USD.

The Swiss Franc (CHF) appreciated strongly on international markets on January 15, gaining almost 30 per cent against the EUR after the Swiss National Bank gave up on the CHF 1.20/EUR exchange rate cap that it had upheld for the last three years. On the same day in Bucharest the RON lost almost 16 per cent against the Swiss Franc, down to a historic low of RON 4.3287/CHF, RON 0.587 higher than the RON 3.7415/CHF exchange rate registered the day before.

 

 

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