In the Official Gazette of Romania, Part I, no. 127 of February 21st,  2014 was published the Circular no. 9/2014 of the Board of the National Bank of Romania regarding the interest penalty rate for deficits of minimum reserve requirements in local currency starting with 24 February to 23 March 2014.

Since the application period 24 February to 23 March 2014, the interest penalty rate for deficits of minimum reserve requirements in local currency is 9.75% per year.

:: The source: JURIDICE.ro

Adina Elena OPREA
Junior Lawyer D&B David şi Baias

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