Romanian Leu Hits Record Low vs Euro; Reserves Drop $5B

The Romanian leu depreciated to a historic low of 5.35 per euro on the interbank market, with BNR spokesperson Dan Suciu acknowledging a 'complicated' period balancing exchange rate and interest rates. Foreign exchange reserves fell by nearly €5 billion in September, signaling potential central bank intervention or capital outflows. This marks a significant currency stress event in an EU member state, with implications for regional risk sentiment and monetary policy credibility.