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The 1000 lei coin was considered too small and was also cheaply made, and the 5000 lei coin was not circular (it was a dodecagon). This made it awkward to handle and difficult to use in slot machines, where it was frequently the only coin accepted. The 500, 1,000 and 5,000 lei coins became worth 5, 10 and 50 bani with the revaluation.
History of the Romanian coinage – replica of the first pol (equal to 20 lei) koson 20 mm 8.5 g Gold 999‰ irregular 21 February 2005 History of the Romanian coinage – replica of a koson (Dacian coin) 500 lei: 37 mm: 31.1030 g: Silver 999‰ smooth 8 April 2005 500 125 years since the founding of the National Bank of Romania: 35 mm Gold 999‰
However, on 1 July 2005, Romania redenominated its currency at 10,000 old lei to 1 new leu. The 1,000 lei coin, in use since 2000, was replaced by the new ten-bani. Early issues of the coin, from its first year 2005, have a diameter 0.1mm narrower than the official measurements. [7]
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A 500 lei coin and the 2,000 lei note shown above were made in order to celebrate the 1999 total solar eclipse. Whereas the 500 lei coin is currently very rare, becoming a prized collector's item, the 2,000 lei note was quite popular, being taken out of circulation in 2004 (a long time after the 1,000 and 5,000 lei bills were replaced by coins).
These coins bear a lion on them (hence Dutch leeuwendaalder, German löwenthaler) and the name of the coin became abbreviated known as leu (plural lei), which is still the name of the Romanian and Moldovan currencies. The Ottomans minted coins imitating the Dutch silver daalders and these coins were known as piaștri, Piastre.
In 1991, a new coin series with post-communist iconography and new valuations was released in denominations of 1, 5, 10, 20, 50, and 100 lei. These coins gradually lost value with inflation, and a new series was introduced in 1998 with an aluminum-magnesium alloy 500 leu and 1,000 and 5,000 leu coins in 2000.
In 2015, the National Bank of Moldova finally rolled out intaglio printing and embossing for denominations between 10 and 500 lei, and also introduced revised security features on all denominations except for 1,000 lei. [17] The banknote for 1,000 lei, valued at €51.60 by currency exchange service XE.com on 31 December 2019, [18] continues to ...
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