Romania's national currency registered the worse official rate in its history, of 4.3257 lei for one euro, find out what we should expect from now on. Elsewhere in the news, one newspaper investigates how much national counties contribute to the national budget and declares Calarasi county an off shore county. Last but not least, an investigation of the Daily Mail British newspaper reveals how Romanian gypsy children are exploited by their parents who sell them for 20,000 British pounds to traffic networks.
The Romanian leu registered on Monday the worse official rate in its history, of 4.3257 lei for one euro, Gandul reads. This time, the crash of the national currency was triggered by the fact that big companies, the rich and the poor, after a week in which politicians approved several times salary and pension cuts and VAT increases, ran to banks and exchange houses to buy foreign currency.
Dealers accuse the National Central Bank, whose director announced that the euro might gain ground to the leu.Surprisingly, the National Bank did not intervene and declared that there was a psychologic shock.
Romania's representative to the IMF, Mihai Tanasescu said that as far as the IMF is concerned, the balanced exchange rate for Romania is somewhere between 4.1 to 4.2 lei/euro. The newspaper reads that citizens were scared that the euro will increase and exchanged their economies in euro which triggered an increase in the exchange rate.
Romania libera reads about Calarasi, a possible off shore in Romania: the county pays the least VAT money to the state, only about 100 euro/year. After the VAT increase, the sum should increase to with another 150 lei.
With a population of about 316.295 people in 2002, the 34th county in the country, Calarasi had the smalled VAT, customs taxes and revenu
