The euro will depreciate, but will not return to the exchange rates of the previous years, considers economic expert Adrian Lupusor, executive director of the think tank “Expert-Grup”. Asked by IPN to pronounce, the expert said there are no economic bases for the euro to return to the exchange rate of 16-17 lei per euro.
According to Adrian Lupusor, the National Bank of Moldova cannot directly influence the euro-leu exchange rate as the national currency is connected directly only with the rate of the dollar. In order to stabilize the situation, the central bank in the first two months of this year intervened with over US$700 million in the internal currency market. Thus, the leu-dollar exchange rate became stable. The leu even started to appreciate compared with the previous days.
The euro-leu rate is influenced directly by the developments on foreign markets. “On the international markets, the euro-dollar rate set for today is 1.39. The euro is overrated in relation to the dollar. This is due to the external situation, namely the improving economic situation in the EU,” said the economic expert.
According to forecasts, the euro will depreciate as the factors that led to its over-appreciation are short-term ones. Adrian Lupusor said this may happen in the near future, but the euro will anyway not return to the exchange rates of the previous years.
The official exchange rate set by the National Bank of Moldova for March 10 is 18.94 lei per euro.
