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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 2025, the only currency on the market is the leu and the euro is not yet used.
The 1 July 2005, 1 December 2006, and 1 December 2008 issues will continue to be legal tender and circulate in parallel with the revised banknotes. 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 2021 National Bank of Romania has officially presented the new 20-lei banknote, which has been put into circulation starting from 1 December 2021. It is the first banknote with legal tender to feature a female personality. [1] It is printed using the offset printing technique (like the one leu and five lei banknotes).
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 ...
The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by ...
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
1–1 20 August 2015 UEFA Europa League: FCSB: Rosenborg: 0–3: 21,204 3 August 2016 UEFA Champions League: FCSB: Sparta Prague: 2–0: 37,127 16 August 2016 Manchester City: 0–5: 45,327 15 September 2016 UEFA Europa League: Astra Giurgiu: Austria Wien: 2–3: 3,300 29 September 2016 FCSB: Villarreal: 1–1 13,231 20 October 2016 Zürich: 1 ...
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 ...