Munich Personal RePEc Archive

The strategy adopted by Romania EURO

Duduiala-Popescu, Lorena (2009): The strategy adopted by Romania EURO.

[img]
Preview
PDF
MPRA_paper_13321.pdf

Download (653kB) | Preview

Abstract

In the context in which most countries in Western Europe is almost unanimously accepted advantage of using the single currency, it appreciates that for Romania, whose foreign trade is facing up to approximately 2 / 3 to the market, adopting the single currency will bring real benefits. To become a EU member state, Romania has had to build and a reference system, the reference currency is Euro, not U.S. dollars. The new currency will be a factor of stability which will reduce a lot of trading losses due to local fluctuations of the dollar against euro. From 1 January 2003, the currency has been established in relation to EURO.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.