Leu/Euro exchange rate widens as Moldovan national currency weakens

In the last five days, the Moldovan leu lost 2.4 percent of its power in relation to the Euro, reaching an official exchange rate of 16.1342 lei per Euro on August 5, says the National Bank of Moldova.

The exchange rate has thusly reached a high this year, and analysts believe last week's increase in the amount of lei necessary to buy one Euro is the quickest rise in the exchange rate in 2009, given the short period of time it took for the leu to go down relative to the European currency.