On the other hand, with the potential depreciation of the national currency, the leu, versus main reference currencies, citizens are not crowding in to ask for credit. |
First, it reduced the Iranian leu stock below the level required to produce a nuclear device. |
The leu fell sharply, reaching an all-time low against the euro, making it more likely that the central bank will raise interest rates. |
The depreciation of the leu is also seen as having some positive effects such as increasing exports. |
And of course if Romania does join the EU in 2007 or 2008, a few years after that the leu will go the way of the mark and the peseta when Romania adopts the euro. |
At Prada, Miuccia Prada teamed her narrow suits with a tie into a leu in a bit of East-meets-West kind of gimmickry. |