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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 (Romanian pronunciation:, plural lei; ISO code: RON; numeric code: 946) is the currency of Romania. It is subdivided into 100 bani ( Romanian pronunciation: [banʲ] , singular: ban [ban] ), a word that also means "money" in the Romanian language .
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 ]
Through the Organic Regulations adopted in 1831 in Wallachia and in 1832 in Moldova stabilized the coinage used in the Romanian Lands: the Austrian florin and a silver coin known to numismatists as the Zwainziger from Zwanziger, "twentieth", the Tyrolian kreuzer, worth 20 Veronese denarii (in German Berner, in Latin denarii cruciati, cruciati meaning "crossed", from the cross on the coin).
Value, year of minting, ROMANIA, coat of arms CAROL I REGE AL ROMANIEI ("Carol I, King of Romania") 1900 2 bani 20 mm 2 g 5 bani 19 mm 3.5 g copper 75%, nickel 25% ROMANIA, value Steel crown, wreath, year of minting 1900 10 bani 22 mm 4.5 g 20 bani 25 mm 7 g 50 bani 25 mm 2.5 g silver 83.5% Milled Value, year of minting
Romania's FDI outward stock (an external or foreign business either investing in or purchasing the stock of a local economy) amounted to $745 million in December 2018, the lowest value among the 28 EU member states. [195] Since 1867 the official currency has been the Romanian leu ("lion") and following a denomination in 2005. [196]
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
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 November 2021 the National Bank of Romania announced that the 20 lei banknote bearing Ecaterina Teodoroiu's portrait would be issued on 1 December 2021. [5] [6]