Romanian Leu (RON)

Romanian Leu (RON) Basic Concepts

The Romanian Leu is the official currency of Romania, with the ISO code RON, short for "Leu". It is issued and managed by the National Bank of Romania as the country's sole legal tender and is used for everyday transactions, savings and international settlements.

Countries and regions of use

The Romanian Leu circulates only within Romania and is the country's exclusive currency. It is not valid in other countries and regions, and travelers are required to use the lei for purchases or exchanges in Romania.

Units and Denominations

The Romanian Leu is denominated in "Barnyard", with 1 Leu equaling 100 Barnyard. Banknotes come in denominations of 1, 5, 10, 50, 100, 200 and 500 lei, while coins come in denominations of 1, 5, 10 and 50 bari.

Historical Background

The Romanian Leu dates back to the 19th century and was first introduced in 1867. The currency has undergone a number of reforms, including revaluations in 1947, 1952 and 2005, in response to inflation and economic changes. in 2005, the new lei replaced the old lei, and was redenominated at a rate of 1:10,000, increasing the stability of the currency.