The National Bank of Romania (BNR) is expected to release an order today to allow all Romanian companies to buy foreign currencies without restrictions, in a move that would be the first step towards the next phase of the liberalization of the capital account.
The bank's administration council is expected to endorse an order today to allow all companies to buy foreign currencies without restrictions, meaning they will not have to report the purpose of the purchase.
Posted by Iulia Rasoiu : 2/24/2005 10:22:00 am
First step in liberalization of the capital account