Leu - national currency of Romania

The territory of modern Europe hides many secrets and mysteries from us. Perhaps one of the most interesting for lovers of myths and horrors is Romania. Indeed, it is here, according to numerous legends and historical evidence, that the world famous Count Dracula was born . Therefore, it is absolutely clear that a huge number of tourists from all over the world strive to get into the territory of "vampire" lands. The main questions that travelers ask themselves: "What is the currency in Romania? Can I freely use and exchange dollars, euros or rubles?"

monetary unit of romania

Union of Leu and Euro

It is worth noting that this country is a member of the European Union. Therefore, we can immediately conclude that the significant monetary unit of Romania is the euro. This will not be a mistake. However, this axiom requires explanation. Like many countries, before joining the European Union, Romania had its own national currency. Gradually, the euro took a leading position in the commodity-money relations of many states. But not in this country. The national currency of Romania is called the leu. And it coexists quite comfortably with the European currency. Each leu includes 100 bans. The nominal value of one bill is 0.22 euros.

exchange rate in romania

The history of the development of the currency unit

The national currency of Romania has a long history. For the first time, this sign was put into circulation in 1867 by order of the Turkish government, under the oppression of which the country was at that time. The nominal value of one leu was equal to the value of a French franc made of gold. It took twenty three years to completely withdraw from circulation. And in 1890, the currency of Romania acquired the status of the only national currency.

Like other countries in Europe, this state suffered tremendous losses during the fascist occupation. The state economy has also suffered. To overcome this difficult situation, urgent reforms of the banking and financial sectors were needed. So, in August 1947, a currency issue was carried out in seven days. At the same time, one new one was given for twenty thousand lei. Five years later, to completely defeat the financial crisis, a new reform was needed, during which re-devaluation took place. Now the currency of Romania was exchanged as follows:

  1. For the first thousand ten new bank notes were given.
  2. The second as well as the third cost 5 lei respectively.
  3. If someone owned a large amount of money, then for every next four hundred signs they gave one leu.

what is the currency in romania

Existence in the Eurozone

In the third millennium, Romania was affected by the global financial crisis. In the course of a healthy economic policy, a new monetary reform was carried out . Its result was the introduction of a β€œfresh” leu (RON), which was exchanged at a rate of 1: 10000. The main difference between the banknotes of the new sample was the material used for their manufacture - a special polymer. Tickets of the National Bank of the country do not tear, do not get wet, they are difficult to break, they are convenient to use.

Along with the Romanian leu, the euro also β€œwalks” on the territory of the state. Banks also accept other foreign banknotes. The exchange rate in Romania in each bank is approximately the same. Therefore, you can safely take on a trip and dollars. It should be remembered that only 50,000 cu can be imported into the country At the same time, 49,000 of them must be declared. Lei is not allowed to be exported from Romania.

Source: https://habr.com/ru/post/B8512/


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