Romania to Accept Dollar Bonds as Collateral Starting March 1
Romania’s central bank said it will accept dollar-denominated bonds sold by Romania on international markets this year as collateral in open-market and monetary policy operations starting March 1.
The Banca Nationala a Romaniei will accept $2.25 billion in dollar-denominated bonds sold on Jan. 31 and Feb. 28, the Bucharest-based bank said today in an e-mailed statement.
“The haircut level, the margin deducted from the market value of eligible assets to obtain the adjusted value thereof, applicable to the above mentioned securities will be 9 percent for central bank operations with maximum one month maturity,” the bank said in the statement.
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