ECB renews repo line for Romanian central bank
Move comes after ECB creates liquidity facility for Poland and renews four other repo lines
The European Central Bank has extended its repo line with its Romanian counterpart until January 15 next year, it announced on April 27.
The ECB has kept the maximum amount of liquidity available to the National Bank of Romania through the line unchanged at €4.5 billion ($4.75 billion). Romania is a member of the European Union, but not of the eurozone.
The National Bank of Romania announced on May 2 that its foreign exchange reserves were €40.5 billion on April 30. The leu has traded at
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