BUCHAREST, Dec. 8 (Xinhua) -- The Romanian government on Thursday decided to set up an interdepartmental committee on the country's switchover to euro.
According to a press statement of the government, the committee will comprise representatives of the main public bodies to be involved in the process and will operate under the coordination of the prime minister as chairman, the finance minister and the governor of the National Bank of Romania.
"The commitment to adopt the euro continues to be an important anchor for budgetary and structural reforms that are needed in order to increase the Romanian economy's flexibility," the cabinet stressed in the statement.
The exact deadline will be provided based on a switchover timetable, which is expected to be completed before the next edition of the convergence program is out, namely April 2017, said the statement.
Romania set, in 2014, a target date of Jan. 1 2019 for euro adoption. However, in September 2015, Romania's central bank governor Mugur Isarescu said that the 2019 target was no longer realistic.
In April this year, the current government actually gave up 2019 as deadline for joining the eurozone, indicating that a new target would be announced in 2017.
