Flight Center travel resources Cheap Flights Centre The Flight Center Romania Portal
Romania
Quick Links:
World Airlines Information Index
World Airports Information
World Countries Info
World Sea Ports
World Ski Resorts		 World City Tourist Information
European Airlines
Airport Codes
Ferries		 UK Arrivals and Departures
North American Airlines
UK Airlines - Airports
UK Coach Operators
Explore Australia		 Accessible Travel Guide
Airport Parking
World Weather Reports
Travel Warnings
Cruises
 

Romania

The best hotels in Romania are featured in our Hotels section.
Romanian Geography
More on Romania

Romania Currency
What is the unit of money in Romania?

Currency in Romania: Romanian New Leu (RON)

More about the New Romanian Leu

On July 1, 2005, Romania introduces its new redenominated currency, the new leu (code: RON), which is valued at 10,000 old lei (code: ROL). The process, which is known as redenomination, started in March 2005 when Romania started dual-currency display and all prices had to be displayed in both the old leu and the new leu. Starting from today, the first notes and coins of the new leu will become legal tender, and the new leu will become the official currency of Romania.

The redenomination (or conversion from the old to the new leu) is simple — 10,000 old lei are replaced by 1 new leu. One US dollar will buy 2.98 new lei, while one euro will buy 3.6 new lei. After the similar redenomination by Turkey the old leu had been the world's least valued currency unit, with the US dollar buying 29,891 lei and the euro buying 36,050 lei (on 30 June 2005). With the introduction of the new leu, Romania's currency will be among the most highly-valued in the region.

The new leu notes and coins, introduced into circulation today, will circulate alongside the old lei until 31 December 2006, when the dual-currency period ends and all of the old lei are expected to be withdrawn. However, old lei can be exchanged at banks indefinitely.

The new notes come into denominations of 1, 5, 10, 50, 100 and 500 new lei. The largest note of the old leu was 1,000,000 lei, or 100 new lei. The largest note of the new leu is worth 500 new lei, or approximately US$167 and €139. New leu notes will also have the same dimensions as euro notes of similar value. Additionally, they will use the same colours and design as their corresponding old leu equivalent (for example, the 100 lei note will look similar to the 1,000,000 old lei note).

All notes will be printed on polymer materials. Romania was the first country in Europe to introduce polymer notes, in 1999.

BACK

City Guides Directory:

Flight Center Cheap Flight Center flights Adelaide
Flight Center Cheap flights Auckland
Flight Center Cheap flights Bangkok
Flight Center Cheap flights Beijing
Flight Center Cheap flights Buenos Aires
Flight Center Cheap flights Caracas
Flight Center Cheap flights Chicago
Flight Center Cheap flights Canary Islands
Flight Center Cheap city flights Dubai
Flight Center Cheap city flights Hong Kong
Flight Center Cheap city flights Turkey

Flight Center Cheap city flights Int Dial codes

The Flight Center Richmond Surrey UK TW9 4JH       established 1998 - The Cheap Flights Center
 Flight Center for world Cheap Flights  The Flight Center    

Flight Center home page

Flight Center for world cheap flights and cheap holidays cheapflights flightcenter Flight Center - The Cheap Flights Information Portal

Heathrow Arrivals and departures Flight Center Ski resorts Cruises from Flight Center Accessible access for disabled on flights and holidays Contact Flight Center