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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 ...
In many countries there is a distinction between the official exchange rate for permitted transactions within the country, and a parallel exchange rate (or black market, grey, unregulated, unofficial, etc. exchange rate) that responds to excess demand for foreign currency at the official exchange rate.
Romanian leu: Leu or Lei (pl.) RON Ban: 100 Russia: Russian ruble ₽ RUB Kopeck: 100 Rwanda: Rwandan franc: FRw RWF Centime: 100 Saba: United States dollar [F] $ USD Cent: 100 Sahrawi Republic [I] Moroccan dirham: DH MAD Centime: 100 Sahrawi peseta: Pta or Pts (pl.) (none) Centime: 100 Saint Helena: Saint Helena pound £ SHP Penny: 100 ...
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
Leu is the singular and Lei is the plural. Also sometimes L: Le: leone Sierra Leonean leone: лев lev: lev Bulgarian lev: L ⁄ E: lilangeni Swazi lilangeni: L is the singular and E is the plural ₺ lira Turkish lira: Previously official sign was TL, still used when ₺ is unavailable U+20BA ₺ TURKISH LIRA SIGN: L ⁄ M: loti Lesotho loti
The central bank determines each workday whether it is appropriate to devalue the currency against the US dollar. [citation needed] As of 12 October 2024 [10] (Transnistrian ruble per foreign currency unit) US dollar: 16.1000 rubles; Euro: 17.6150 rubles; Russian ruble: 0.1676 rubles; Ukrainian hryvnia: 0.3907 rubles; Moldovan leu: 0.8821 rubles
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Romania's national currency is the leu.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]