The central bank (BNR) lifted restrictions on Romanian companies' hard currency acquisitions from 24 February 2005.
Previously Romanian companies were required to produce documents proving that they are making imports in order to be allowed to buy hard currency from the interbank market.
Analysts said the move, which was widely expected, would make it easier for Romanian companies to operate import and export transactions, but did not foresee any major impact on trading on the local interbank foreign exchange market.
The leu has been strengthening since last year, when the BNR allowed a more flexible managed-float currency system ahead of giving foreigners access to leu deposits in the first half of 2005.
Source: Bucharest Business Week
