The policy and the trade regime in Romania after 1990

Abstract

The growth of connections between national economies has generated a consolidation of foreign currency activities, requiring a continuous adjusting regime, both for the foreign currency policy and for the exchange rate to the market mechanisms. In Romania, there have been frequent alterations of the foreign currency policy, requiring the need to create a juridical framework adequate for the market economy and the evolution of financial instruments. This paper presents the main characteristics of the trade regime and the exchange rate policy in Romania after 1990. Practically, the paper reflects a radiography of the main events on the Romanian foreign exchange rate within the context of specific conditions of the Romanian economy and in correlation with the measures adopted by countries from the Central Europe.exchange rate, trade regime, exchange rate policy, inflation targeting