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Learn about the history and design of the Romanian leu, the currency of Romania since 1867. See images of the banknotes issued from 1917 to 2005, with different values, colours, and motifs.
The Romanian leu (RON) is the currency of Romania, subdivided into 100 bani. Learn about its history, etymology, denominations, and exchange rates with other currencies.
The euro is used by four European microstates and two dependent territories as their official currency, with or without a monetary agreement with the EU. It is also used unofficially in some other countries and regions, and pegged to the euro by several currencies.
All throughout this period of time, the political crisis had severe results in the economy of the country, with the euro rising consistently above the leu, as reported by the National Bank of Romania (BNR) in the beginning of the autumn of 2021. [85]
An overview of the economic indicators, sectors, trade, and challenges of Romania, a developing/emerging high-income European welfare state. Learn about its GDP, inflation, unemployment, exports, imports, FDI, debt, and credit rating.
The ERM II is a system to reduce exchange rate variability and achieve monetary stability in Europe. It links currencies of EU countries outside the eurozone to the euro, and has two participants as of March 2024: the Danish krone and the Bulgarian lev.
Hungary has not adopted the euro as its official currency and is not part of the European Exchange Rate Mechanism (ERM II). The government has postponed the euro adoption plan several times and set various conditions, such as reaching a certain GDP level or reducing the public debt.
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...