Romania could enter the exchange rate system in 2024. When the euro will be adopted



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Mugur Isarescu - Inquam Photo
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Romania could enter the exchange rate system, a pre-euro zone chamber in 2024, where it must remain at least two years before the adoption of the single currency, announced on Wednesday the governor of the BNR , Mugur Isarescu.

Isarescu pointed out that 2024 is a reasonable horizon of entry into the exchange rate system.

"The reasonable horizon to enter the exchange rate system is 2024. From there, the road is right in front, it takes two years or more"The governor said, according to news.ro.

Previously, the Minister of Finance had indicated the date of accession to the single currency in 2024, which implied entry into the exchange rate system by 2022 at the latest.

"It is not like the governor wishes, one or the other, it is a political decision, but it is a decision of great responsibility"Isărescu added.

The governor stressed that Romania should prepare for the euro zone, which is a convergence zone.

"The euro zone is a convergence union. Romania has also entered the EU and has the highest level of convergence. (…) It's not a sprint, it's a race of resistance"Isarescu added.

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Mugur Isarescu - Inquam Photo
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Seymour Hersh, Pulitzer Prize winner

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