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Romania's national currency is the leu / RON.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]
1 July 2005 Coat of arms of Romania (2016–present) 2018–present 1 January 2018 200 L: 150 × 82 mm N/A Brown and orange Coat of arms of Romania (1992–2016) Lucian Blaga, poppies: A watermill and the Hamangia Thinker: 2006–2017 1 December 2006 Coat of arms of Romania (2016–present) 2018–present 1 January 2018 500 L: 153 × 82 mm: € ...
The exchange rate was pegged at 167.20 lei to US$1 on 7 February 1929, US$1 = 135.95 lei on 5 November 1936, US$1 = 204.29 lei on 18 May 1940, and US$1 = 187.48 lei on 31 March 1941. During Romania's World War II alliance with Nazi Germany, the leu was pegged to the reichsmark at a rate of 49.50 lei to RM 1, falling to 59.5 lei = RM 1 in April ...
On 1 July 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). 1 RON is equal to 10,000 ROL. Romania joined the European Union on 1 January 2007 and initially hoped to adopt the euro in 2014, [ 79 ] but with the deepening of the Euro crisis and with its own problems, such as a low workforce ...
It is the same size es the 5 Euro banknote. The main color of the current banknote is green. It pictures, on the obverse Prime-minister and historian Nicolae Iorga , and on the reverse the Curtea de Argeş Cathedral , which suffered a massive restoration under his Government, and a crossed eagle, the Wallachian traditional heraldic element.
Timișoara has the oldest and the densest railway network in Romania, with over 91.9 km (57.1 mi) of lines for 1,000 km 2 (390 sq mi) of territory, although some of the components are no longer operational due to low demand and lack of maintenance. [127] Therefore, Timișoara is the most important rail hub in Timiș County and in western Romania.
1 July 2011 Banca CR Firenze: The group, including its Romanian subsidiary, merged with Intesa Sanpaolo. 1 October 2012 The Royal Bank of Scotland: Sold retail and corporate portfolio to Unicredit Bank and closed. August 2015 Millenium Bank: 1 November 2015 Merged with OTP Bank: 31 October 2015 Volksbank Group (Romanian subsidiary) 1 January 2016
The minimum wage in Romania is the lowest monthly or hourly remuneration that employers are legally allowed to pay their workers in Romania. The sum is decided by the Romanian government and is subject to periodic reviews and adjustments based on economic indicators , inflation rates , and other relevant factors.