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What's Happening to Money? Robor Indices Have Fallen to Their Lowest in Five Months
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Shortly after the first round of the presidential elections in May, foreign investors decided to exit the local market, fearing the prospect of an anti-European candidate winning the Cotroceni seat. The increased demand for foreign currency rapidly depreciated the national currency and the euro reached a historic high of 5.1222 lei. To stop speculative actions, the central bank sold about 8 billion euros and at the same time absorbed liquidity f…
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