About the Romanian Leu
The current Romanian Leu (RON) was introduced in 2005, replacing the old Leu (ROL) at a rate of 10,000 old Lei to 1 new Leu. This redenomination was part of Romania's efforts to modernize its economy and prepare for eventual Euro adoption.
The name 'Leu' means 'lion' in Romanian, derived from the Dutch thalers (leeuwendalers, or lion dollars) which circulated in the region in the 17th century.
Interesting Facts
A 'Lion' Currency
The name 'Leu' means 'lion' in Romanian, stemming from the Dutch 'lion dollars' that were widely used in the region centuries ago.
Polymer Banknotes
Romania was the first country in Europe to introduce a complete series of polymer banknotes, significantly enhancing their durability and security.
Road to the Euro
As a member of the European Union, Romania is committed to adopting the Euro, though the timeline for this transition remains uncertain.
Historical Timeline
The first Romanian Leu is introduced.
The new Leu (RON) is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- RON
- Symbol
- lei
- Numeric Code
- 946
- Subunit
- Ban (1/100)
- Introduced
- 2005-07-01
Central Bank
- Name
- National Bank of Romania
- Headquarters
- Bucharest, Romania
- Founded
- 1880
- Current Governor
- Mugur Isărescu (since 1990)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.3%
- Inflation Rate
- 5.1%
- Interest Rate
- 6.00%
Exchange Rates
What Affects the RON Exchange Rate?
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