10.02.2009 - Romania minimum reserves cut too soon-cbank
From Forbes.com: Romania has cut the minimum reserve requirement for banks' leu liabilities too soon, flooding the market with liquidity and putting weakening pressure on the leu currency, central bank Governor Mugur Isarescu said on Monday. The central bank reduced the reserve cap for leu liabilities to 18 percent from 20 percent in October. Its threshold for hard currency liabilities stands at 40 percent.... Full Article: Source