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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]
The Romanian leu was briefly the world's least valued currency unit, [8] from January (when the Turkish lira dropped six zeros) to July 2005. However, the 1,000,000 lei banknote was not the highest Romanian denomination ever; a 5,000,000 lei note had been issued in 1947. [citation needed]
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Romanian peasant women, value Romanian peasant women King Carol II: 1936–1940 green, purple Nerva Traian: 1941–1945 2,000 L 201 × 113 brown Romanian peasant women, value Romanian peasant women, the middle coat of arms, industrial landscape, Peleș Castle (in the background) Nerva Traian: 1941 continuous rows BNR: 1943–1945 5,000 L 166 × ...
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 ...
Romania Uzbekistan Argentina Laos Mauritania Mozambique Switzerland Solomon Islands South Sudan Tunisia Zambia ; Pegged exchange rate within horizontal bands (1) Morocco ; Other managed arrangement (12) Kuwait Syria Liberia Myanmar Sierra Leone
The earliest documented currency in the Romanian territory was an 8-gram silver drachma, issued by the Greek polis (πολις, city) Histria (in the region that is now the Dobruja) in the year 480 BC. It was followed by other coins issued by other Greek poleis in Dobruja.
They were first issued as currency in Australia during 1988 (coinciding with Australia's bicentennial year); by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer ...