BNR's Isarescu: Abuse of exchange rate fluctuation can be as damaging to economy as abuse of rigidity
Publicat:Governor of the National Bank of Romania (BNR) Mugur Isarescu said on Tuesday in Constanta that abuse of exchange rate fluctuation can be as damaging to the good functioning of the economy as the abuse of rigidity, mentioning that the BNR cannot lead the exchange rate where it wants.
"With regard to the current differences between countries in terms of euro adoption, some may find it odd that Bulgaria, which is still behind the real convergence, is considering a faster entry into the Eurozone than Romania. It is natural for the neighbouring country to regard the adoption of the euro as…
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