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May 16, 2021

Central Bank Governor: Romania never had financing costs as low as now

*BNR launches four numismatic coins dedicated to 150 years since the birth of King Ferdinand of Romania


Romania’s financing costs were never as low as they are now, because of lower interest rates at international level but also of the significant drop in risk bonuses, National Bank of Romania (BNR) mugur isarescuGovernor Mugur Isarescu stated on Wednesday at an event marking the launch of the “150 years since the birth of King Ferdinand I” numismatic issuance. The event was attended by Romanian President Klaus Iohannis.

In this context, the BNR Governor added that at this moment Romanian banks are solid and well-capitalized, with an increase in savings but also an intensification of crediting being needed.

“The correct mix of macroeconomic policies, institutional collaboration has meant that Romania meets all nominal convergence criteria needed to adopt the single currency and to have extremely low financing costs. Romanian banks are now solid, well-capitalized and have appropriate liquidity, which can consolidate confidence in the banking system. From this point of view, we are preoccupied with boosting internal savings, with intensifying real crediting with stress laid on the quality of credits, as well as with the training of personnel for risk analyses and credit analyses,” the official said.

BNR launched on Wednesday a set of three numismatic coins (gold, silver and tombac) and a silver numismatic coin dedicated to 150 years since the birth of King Ferdinand. The coins included in the set have a nominal value of RON 100, RON 10 and RON 1 respectively, and have a diameter of 21, 37 and 37 millimetres respectively.

The issuance consists of 150 sets of coins (gold, silver and tombac) and 250 silver coins.

The sale price stands at RON 1,950, VAT not included, for the set of three coins and the presentation brochure, and RON 330, VAT not included, for the silver coin and the presentation brochure.

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