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With the accession of Romania to the European Union, everyone was wondering when we would use the euro as the official currency in our country. Here is the answer of the governor of the National Bank of Romania, Mugur Isarescu! When will this happen and what should we expect?
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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 Wednesday the governor of the National Bank of Romania (BNR), Mugur Isarescu, at the financial profit forum.
Isarescu pointed out that 2024 is a reasonable horizon of entry into the exchange rate system.
"The reasonable horizon for entering the exchange rate system is 2024. From there, the road is just ahead, it takes two years or more," said the governor.
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's not like the governor wishes, one or the other, it's a political decision, but it's 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 area 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 "Isărescu added, according to news.ro.
Profit Financial Forum is a conference bringing together presidents of major commercial banks, boards, economists, regulators and consumer protection representatives and addressing issues related to the banking sector, non-bank financial institutions and clients.
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