Sunday, July 20, 2014

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NewŞtiriRomânia | Isarescu: BNR banks will release 500 million euros
Isarescu global express said Tuesday that reducing the reserve ratio (MMR) ratios global express in foreign banks by 2 percentage points, from 18% to 16%, banks will issue approximately 500 million euros, according to Capital. Isarescu said, however, that it expects a further appreciation of the leu and it would not be a bad thing if the money would go toward foreign currency lending. "Money market left will be used on a case to case, from bank to bank. Not exclude that some of this money to be used in a more active lending in foreign currency. We did not want to annihilate foreign currency lending only to borrowers not exposed global express to currency risk oriented, such as, for example, exporters, "said Isărescu. The governor noted that the decrease was significant foreign currency credit, so "a slow decline in foreign credit would not be a bad thing." Isarescu believes that the currency issued by reducing reserve requirements will necessarily result in a further appreciation of the leu, the sale by banks. "If they happen, get back in the NBR reserve. Our money, but money will not be attracted, not the banks give interest. In addition, the corresponding increase our liquidity lei, thus lowering interest lions, lion tends to appreciate and so are the ways of God ... entangled, "he said. BNR governor showed that after reduction earlier in January, the RMO, 4 percent were released 800-900 million, of which "a large part were repatriated." Required reserves of banks with the central bank deposits should decrease further to approach global express European standards, given that Romania wants to join the euro area in 2019. In the euro area, the required reserve ratio is 2% .
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