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Romanian leu. The Romanian leu ( Romanian pronunciation: [lew], plural lei [lej]; 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 means both "money" and "coin" in the Romanian language .
e. 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] As of 2023, the only currency on the market is the ...
One leu. The current one leu banknote is the smallest circulating denomination of the Romanian leu. It is the same size as the 5 Euro banknote . The main color of the current banknote is green. It pictures, on the obverse Prime-minister and historian Nicolae Iorga, and on the reverse the Curtea de Argeş Cathedral, which suffered a massive ...
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, [84] but with the deepening of the Euro crisis and with its own problems, such as a low workforce ...
List of currencies in Europe. There are 29 currencies currently used in the 50 countries of Europe. 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 25 countries); any country entering the European Union (EU) is expected ...
The leu notes issued on 1 July 2005 are of equal size to euro banknotes, so that machines will need less refitting once Romania joins the euro zone. This decision was taken after a lot of debate, and with some opposition, the initial decision being to make them even smaller, similar to the 1966 series.
Design date. 2005. The one hundred lei banknote is one of the circulating denomination of the Romanian leu. It is the same size as the 2002 series 100 Euro banknote . The main color of the banknote is blue. It pictures, on the obverse the playwright, short story writer, poet, theater manager, political commentator and journalist Ion Luca ...
The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it.
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