trending Market Intelligence /marketintelligence/en/news-insights/trending/c_ba2zi4inqz9tf4rlvjgg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Romania set to approve Swiss franc loans conversion to local currency

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Romania set to approve Swiss franc loans conversion to local currency

AgainstRomanian central bank recommendations, a bill to help Swiss franc borrowersconvert their mortgage loans into the leu currency at historical exchange rateswill likely receive parliamentary committee approval on Oct. 10, Reutersreported Oct. 7, citing deputies.

There couldbe a final vote on the bill on Oct. 11, according to the report.

Romanianlegislators have been debating how to go about loan conversion, which isdesigned to help individuals who borrowed in other currencies at low rates inyears past only to suffer hardship when their own currencies lost value.

The centralbank estimated that the measure would impact local banks to the tune of about2.4 billion lei.

As of Oct. 7, US$1 was equivalent to 4.03Romanian lei.