The Romanian leu gained versus the euro today after the International Monetary Fund affirmed it will release the currently stopped bail out program for the eastern European country, allowing the leu to beat several currencies in the region.
The Romanian leu rallied today versus the euro and the U.S. dollar as interest rates were unexpectedly cut in the country after a political crisis that delayed an IMF bailout finally ended, adding confidence that stability in the parliament will lead the nation towards a faster recovery.
The Romanian leu touched the highest level in three months versus the euro after the country’s parliament chose its new prime minister, lifting speculations that a political crisis could influence the country’s economy negatively.
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