National Bank of Romania - Annual Report 2005

According to the National Bank of Romania's Annual Report 2005, the year 2005 stands out by the numerous challenges the National Bank had to deal with in formulating and implementing its monetary policy.

"Apart from several major events already on its agenda, i.e. the shift to direct inflation targeting, redenomination of the leu, implementation of the Electronic Payment System, the Romanian central bank had to cope with the constraint arising from the need to continue capital account

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