Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.
Traian BasescuAbout author
- Author's profession: Politician
- Nationality: romanian
- Born: November 4, 1951
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If it were not for the depressing heat and the urgency of the work, one could sit down and laugh to tears at the absurdity of the thing, and under the circumstances it is a little wearing. But our motto is the old west coast proverb, Softly, softly, catchee monkey; in other words, don't flurry; patience gains the day.
Robert Baden-Powell