Eximbank will launch foreign currency exchange risk operations in March to support exporters, bank president Mariana Diaconescu said last week.
"We will conduct currency exchange forward operations in support of exporters, and we hope to develop this product for exporters, even though the secondary market is not developed," said Diaconescu.
She added: “Exporters are very affected by sudden currency exchange fluctuations, which do not allow cost forecasting”.
According to Mediafax, the state budget allocated 3,430bn lei (Ђ91.5m) to Eximbank to finance its operations of supporting exports and production for export this year.
Source: Bucharest Business Week
