Central Banking

Romania joins Target2

national-bank-of-romania

The National Bank of Romania has moved a step forward towards euro adoption after it announced on Monday that it had joined Target2, the Eurosystem's large-value euro payments system.

The central bank said the launch of the Target2-România, the national component of the Target2, would enable 23 participants in Romania to settle euro payments using the real-time gross settlements system.

The central bank said the introduction of Target2-România was a step forward towards European integration and

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