The main IMF negotiator for Romania, Poul Thomsen arrived Saturday in Bucharest in order to analyse the evolution of the economic situation and of the stand-by loan agreement.
"It is a routine visit", Mugur Isarescu, the governor of the Romanian Central Bank (BCR) said. Isarescu mentioned at the beginning of October that the economic indicators refer to the currency reserve, to the extreme net assets, the governmental credit and the monetary mass.
The Romanian authorities will discuss with the IMF negotiator the final form of the new foreign currency regulation, which will come into force when the national currency undergoes the extreme convertibility, according to article VIII within the status of the International Monetary Fund (IMF).
Premier Victor Ciorbea mentioned that during the discussions with Poul Thomsen, there will be also tackled the possibility of enlarging the stand-by agreement to a period of 3 years, instead of an year as it is now. The prolongation of the stand-by agreement with three more years will determine a more flexibility in fulfilling the assumed conditions of economic and legislative performance.

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