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The Romanian leu was briefly the world's least valued currency unit, [8] from January (when the Turkish lira dropped six zeros) to July 2005. However, the 1,000,000 lei banknote was not the highest Romanian denomination ever; a 5,000,000 lei note had been issued in 1947. [citation needed]
A 500 lei coin and the 2,000 lei note shown above were made in order to celebrate the 1999 total solar eclipse. Whereas the 500 lei coin is currently very rare, becoming a prized collector's item, the 2,000 lei note was quite popular, being taken out of circulation in 2004 (a long time after the 1,000 and 5,000 lei bills were replaced by coins).
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 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
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, [ 79 ] but with the deepening of the Euro crisis and with its own problems, such as a low workforce ...
Romania's national currency is the leu / RON.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]
Value, year of minting, ROMANIA, coat of arms CAROL I REGE AL ROMANIEI ("Carol I, King of Romania") 1900 2 bani 20 mm 2 g 5 bani 19 mm 3.5 g copper 75%, nickel 25% ROMANIA, value Steel crown, wreath, year of minting 1900 10 bani 22 mm 4.5 g 20 bani 25 mm 7 g 50 bani 25 mm 2.5 g silver 83.5% Milled Value, year of minting
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
The five hundred lei banknote is the highest of the circulating denomination of the Romanian leu. It is the same size as the 200 Euro banknote. The main color of the banknote is gray. It pictures, on the obverse poet Mihai Eminescu, and on the reverse the University of Iași Library, and the front page of the Timpul newspaper.