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Swiss Franc loans crisis: BNR disagrees with imposing loan conversion at exchange rate different than that of the market

January 22, 2015

Imposing the conversion of CHF-denominated loans into RON-denominated or other forex-denominated loans through a law could result in the bankruptcy of several banks, and the law concerned should very clearly stipulate who will support the losses generated by a conversion made at an exchange rate other than that of the day, Nicolae Cinteza, Head of [...]

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