Binary options romania
Many people are interested in forex trading in different countries. The currency of the country is Romanian Leu while at the same time here is another legal tender — the transferable ruble.
It is now used as Mutual Economic Assistance balances. First the Leu was aligned to the Ruble and this happened right after the World War II.
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In Romania intensified its economic relations with countries outside the capitalist regime and thus — various exchange rates were introduced and adjusted. Major thing happened in because the above 2 and 3 exchanges were merged at a weekly adjusted Effective Rate, which is being linked to trade basket.
As for the level of inflation in Romania, it used to be really high because of the foreign aids which aimed at removing the exchange control.
This actually lead to the replacement of the Effective rate by an Interbank rate which was daily determined at a special fixing in the interbank foreign exchange market.
Ever since then, the interbank rate is determined via daily auctions which are conducted by the NBR. The National Bank of Romania is the main regulator of the country and every forex trader should be aware of this fact.
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Its main target is to keep the local currency stable and avoid higher level of inflations. However, the current situation of the country is more or less better than the old one because the GDP is higher than previous years.
The foreign exchange market in Romania is actually preferred by more risky players because sometimes the fluctuations of the markets are really intense and if you have experience you will be able to seize the moment and generate huge wins.
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Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
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