Search results
Results from the WOW.Com Content Network
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]
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it.
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.
The word euro is included in the 2002 version of Retskrivningsordbogen, [12] the authoritative source for the Danish language (according to Danish law). Two plurals are given, euro when referring to an amount, and euroer when referring to coins. Both cent and eurocent are mentioned; the plural and singular forms are identical.
Adopting the euro and thereby becoming a de jure member of the eurozone would enhance Bulgaria's position by giving it a voice in the ECB. [44] Moreover, the fact that the lev is pegged to the euro at a fixed exchange rate also means that Bulgaria cannot devalue its currency in order to make its exports more competitive.