Romanians Stockpile Cash Amidst Fears of Leu Devaluation

Romania: Economists Urge Cash Savings Amidst Leu Devaluation Fears In Romania, concerns about the potential devaluation of the leu are prompting financial experts to recommend citizens keep a portion of their savings in cash. Știrile Kanal D's recent report highlights this advice, showing interviews with Romanians who are already diversifying their savings. "When times are tough, money on your card might not be enough," explains one economist in the report. The video shows people using both cash and cards, emphasizing the practical benefits of having both options available. Data from the National Bank of Romania reveals a significant 13% increase in cash in circulation in April 2025 compared to the same period last year, totaling 131.2 billion lei. This trend underscores the growing preference for cash among Romanians. "With cash in your wallet, you're more secure," says a shopper interviewed in the report. This sentiment reflects a growing public concern about economic stability. Economists advise diversifying savings into euros, predicting the euro could trade at 6 lei by the end of the year. This strategy provides a safety net against potential leu devaluation. The report concludes by emphasizing the importance of financial preparedness, especially during periods of economic uncertainty. The increasing amount of cash in circulation shows Romanians are taking this advice seriously.