Romania Lets Leu Weaken as Politics Again Tests Managed Float
A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to weaken to record lows this week.
By Peter Laca, Irina Vilcu · Bloomberg Markets
A Romanian political crisis is once again testing the country’s managed float currency regime, with the central bank allowing the leu to weaken to record lows this week.