According to Art.2 of Law 312/2004, one of the main tasks of the National Bank of Romania is to define and implement the monetary policy and the exchange rate policy.
The exchange rate regime of the leu currently in place is that of a managed float, in line with using inflation targets as a nominal anchor for monetary policy and allowing for a flexible policy response to unpredicted shocks likely to affect the economy.
Further links
Romania: Recent Macroeconomic & Banking System Developments, Mugur Isărescu, NBR Governor, 02.05.2014- The Euro: A Shelter? A Perspective from Romania, Cristian Popa, NBR Deputy Governor, 16.11.2009
- Issues Related to Real Convergence on the Path to Euro Adoption,Mugur Isărescu, NBR Governor, 17.12.2008
- Next Steps for Romania. A (Main) Exchange rate-based Perspective, Cristian Popa, NBR Deputy Governor, 15.12.2003