Currency
Currency of Romania - Romanian New Leu
The official currency used in Romania is the Romanian New Leu. This is symbolised by the three letters, RON, which denotes Romanian New Leu.
Each leu is made up of 100 bani. The singular of bani is the ban.
The word 'leu' is used because in the 17th and 18th Century, Dutch coins were in wide circulation, which all displayed a lion on them. They came to be known, in common language as 'lei' which means lions. The name then transferred to money as a whole and so when a standard currency was devised for Romania, it made sense to name it the leu.
The coins in circulation are issued as 1,5,10 and 50 bani. Usually the 1 bani coin is not in circulation, although it is actually legal tender.
Notes in circulation are issued in the following denominations: 1,5,10,50, 100 and 200 lei.
The official currency used in Romania is the Romanian New Leu. This is symbolised by the three letters, RON, which denotes Romanian New Leu.
Each leu is made up of 100 bani. The singular of bani is the ban.
The word 'leu' is used because in the 17th and 18th Century, Dutch coins were in wide circulation, which all displayed a lion on them. They came to be known, in common language as 'lei' which means lions. The name then transferred to money as a whole and so when a standard currency was devised for Romania, it made sense to name it the leu.
The coins in circulation are issued as 1,5,10 and 50 bani. Usually the 1 bani coin is not in circulation, although it is actually legal tender.
Notes in circulation are issued in the following denominations: 1,5,10,50, 100 and 200 lei.
