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Website. www.bnro.ro. The National Bank of Romania (Romanian: Banca Națională a României, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy ...
The Romanian leu (Romanian pronunciation: [leu], plural lei [lej]; ISO code: RON; numeric code: 946) is the currency of Romania. It is subdivided into 100 bani (Romanian pronunciation: [banʲ], singular: ban [ban]), a word that also means "money" in the Romanian language.
On 31 July 2019, the National Bank of Romania announced that it planned to issue the 20 lei banknote, which will feature Ecaterina Teodoroiu, in 2020. [4] In November 2021 the National Bank of Romania announced that the 20 lei banknote bearing Ecaterina Teodoroiu's portrait would be issued on 1 December 2021. [5] [6]
e. Romania 's national currency is the leu. After Romania joined the European Union (EU) in 2007, the country became required to replace the leu with the euro once it meets all four euro convergence criteria, as stated in article 140 of the Treaty on the Functioning of the European Union. [1] As of 2023, the only currency on the market is the ...
The former governor of the National Bank, Mugur Isărescu, eventually replaced Radu Vasile as head of the government. [citation needed] The 2000 election brought Iliescu's PDSR, known as Social Democratic Party (PSD) after the merger with the PSDR, back to power. [323] Iliescu won a third term as the country's president.
Romania signed an agreement with the IMF in March 1991, getting $1 billion in aid on the condition of beginning free market reforms, including abolishing foreign exchange restrictions. [15] Removing the restrictions on prices led to a 250% inflation. [16] The IMF identified the monetary surplus, rather than the economic depression, as the main ...
Council of Administration. The Council of Administration of the National Bank of Romania is composed by nine members appointed by the Parliament of Romania, for a five-year, renewable term. The current Board of Directors of the National Bank of Romania [1] was appointed by Decision of the Parliament of Romania : Governor - Mugur Isărescu.
Timeline of Romanian history. This is a timeline of Romanian history, comprising important legal and territorial changes and political events in Romania and its predecessor states. To read about the background to these events, see History of Romania. Millennia: 1st BC · 1st · 2nd · 3rd. Centuries: 5th BC · 4th BC · 3rd BC · 2nd BC · 1st ...