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The State Mint (Romanian: Monetăria Statului) is the national mint of Romania. It has its headquarters in Bucharest and produces (mints) the coins in circulation in Romania , commemorative medals, and the civil and military orders ( state decorations ).
1906 commemorative coins Images Value Technical parameters Description Date of issue Mintage Event/Collection Obverse Reverse Diameter Mass Composition
The name of the currency means "lion", and is derived from the Dutch thaler (leeuwendaalder "lion thaler/dollar"). [2] [3] [4] The Dutch leeuwendaalder was imitated in several German and Italian cities.
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The LMU adopted the specifications of the French gold franc, which had been introduced by Napoleon I in 1803 and was struck in denominations of 5, 10, 20, 40, 50 and 100 francs, with the 20 franc coin (6.45161 grams or 99.5636 grains of .900 fine gold struck on a 21-millimetre or 0.83-inch planchet) being the most common.
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
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Monetary policy is generally presumed to be the policy preserve of reserve banks, who target an interest rate. If control of the amount of base money in the economy is lost due failure by the reserve bank to meet the reserve requirements of the banking system, banks who are short of reserves will bid up the interest rate.