RON

Romanian currency hits new record low against euro on day of no-confidence vote Romania’s currency hit a new all-time low on Tuesday, May 5, the day the Parliament was scheduled to vote on the no-confidence motion against the government, as political uncertainty continues to weigh on financial markets. The exchange rate reached RON 5.218 per EUR, up from RON 5.199 recorded a day earlier by the National Bank. The RON has been on a steady downward trend in recent weeks, weakening by around 2.5% over the past two weeks after remaining relatively stable at around RON 5.09 per euro since the beginning of the year, Ziarul Financiar noted.

Romanian currency hits new record low amid ongoing political crisis Romania’s currency weakened further on Monday, May 4, with the exchange rate reaching a new historic low of RON 5.199 per EUR, according to the National Bank . The latest figure marks a sharp increase from RON 5.14 per EUR at the end of last week , highlighting mounting pressure on the national currency. Over the past two weeks, the RON has depreciated by around 2%, after remaining relatively stable at RON 5.09 per EUR since the beginning of the year, Ziarul Financiar reported.  Analysts link the volatility to the ongoing political crisis triggered by the Social Democratic Party (PSD) exiting the government and filing a no-confidence motion alongside the far-right Alliance for the Union of Romanians (AUR).