Romanian National Bank Under Fire: Expert Exposes Lack of Financial Literacy

Romanian National Bank Faces Criticism Over Economic Policies The Romanian National Bank (BNR) is under scrutiny following a recent interview where economist Cristian Sima criticized the financial understanding of some members of the bank's administration. The interview, conducted by Vlad Mercori, highlighted concerns about transparency and efficiency within the BNR. "They don't know how to calculate a simple rule of three," Sima stated, referencing the administration's handling of interest rate decisions. He further criticized their grasp of basic economic principles, suggesting a lack of competence in managing the country's financial affairs. Sima's comments have sparked a debate about the BNR's role in shaping Romania's economic future. While the BNR has not yet issued an official response, the interview has ignited public discussion about the need for greater transparency and accountability within the institution. The debate underscores the importance of financial literacy among those responsible for managing a nation's economy.