BBB-

Looks like Romania’s economy is still not doing very well, primarily due to government mismanagement. From here: The issue ratings on Romania’s senior unsecured foreign and local currency bonds have been affirmed at ‘BBB-‘and ‘BBB’, respectively. The Country Ceiling has been affirmed at ‘BBB+’ and the Short-term foreign currency IDR at ‘F3’. The ratings from Fitch are explained here. Essentially, AAA is the best, then … Continue reading BBB-

Markovian Parallax Dengi-rate

Yesterday I mentioned the money here in Moldova but now it’s time for a full post on the topic. As I said, you can tell a lot about a country by its money. Let’s see what it has to say! Background Moldovan money is called the leu (singular) or lei (plural). Just like its neighbors in Bulgaria and Romania, the name literally means “lions”. Why … Continue reading Markovian Parallax Dengi-rate

Money Talk

Just a brief note on this one topic because I see it get mangled over and over. In the Romanian language, money (banii – bawnee) is always a plural word with normal plural declensions and is not a singular word as it is in English in most cases. Watch: Banii vorbesc – Literally “money(s) talk” – using the collective plural form of the verb rather … Continue reading Money Talk