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BNR adviser Vasilescu: BNR is ready to secure forex market stability

The National Bank of Romania (BNR) is ready the secure the stability of the country's forex market as long as the current parameters endure, BNR adviser Adrian Vasilescu told a televised debate on Tuesday.

'Those who have ventured to say where the RON will be in September, October or November are wishfully thinking. On the forex market, where there is peace and quiet, the game is made by 80 banks, nearly 30 of which are Romanian banks. It is not the business people that make the games on the forex market, but the banks do,' said Vasilescu.

He also said that as far as combating the economic crisis is concerned, there has been left little to do.

'We have to focus on a sound growth of the economy. We have to think about a long-term programme for a sound recovery of the economy. Under normal circumstances all big countries have moderate growth rates of two, three percent. Romania has a resource on which it has not capitalised well. Agriculture is Romania's chance to overcome the economic crisis. With the exception of France, Romania has the best drainage system in Europe. It is a crime that we are not cashing on it,' said Vasilescu.

 

Sursa: http://www.agerpres.ro/

Tags: bnr market vasilescu forex

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