Romania is one of the few European Union nations that has not yet adopted the euro (EUR), making the Romanian leu (RON) the country’s official currency. If you’re planning to visit Romania or send money there, understanding the history, features, and future of its currency is essential.
A Short History of Romanian Lei
The Romanian National Bank (RNB), established in 1880, issues both banknotes and coins. In 2005, Romania transitioned from the old leu (ROL) to the new leu (RON) at a conversion rate of 10,000 ROL to 1 RON. This re-denomination simplified currency exchange, retiring high-denomination notes and introducing banknotes ranging from 1 to 500 lei.
Current coins and notes include:
- Coins:
- 1 ban: yellow brass-plated steel with a plain edge
- 5 bani: red copper-plated steel with a milled edge
- 10 bani: white nickel-plated steel with an intermittent milled edge
- 50 bani: light-yellow brass with commemorative editions
- Banknotes:
- 1 leu: green, featuring a gentian flower and historian Nicolae Iorga
- 5 lei: violet, depicting a carnation flower and composer George Enescu
- 10 lei: pink, showcasing a hollyhock flower and painter Nicolae Grigorescu
- 50 lei: yellow, highlighting an edelweiss flower and engineer Aurel Vlaicu
- 100 lei: blue, with violet flowers and playwright Ion Luca Caragiale
- 200 lei: orange, featuring poppy flowers and poet Lucian Blaga
- 500 lei: blue, with lime leaves, a quill, and poet Mihai Eminescu
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Key Facts About Romanian Money
Leu Means “Lion” in Romanian
The word “leu” translates to “lion” in Romanian, with its origins likely tied to the Dutch currency Leeuwendaalder (lion thaler). This currency was widely used in the region during the 16th and 17th centuries, influencing the name for Romania’s own currency.
The 5-Lei Note Features a Celebrated Musician
Romanian composer and musician George Enescu is featured on the 5-lei note, alongside a violin and a musical score. Born in 1881, Enescu was a prodigy who began composing music at age five and remains one of Romania’s most revered musicians.
Romanian Banknotes Are Nearly Indestructible
Made from durable polymer, Romanian leu banknotes are designed to resist wear and tear. This material makes them waterproof and incredibly difficult to rip, ensuring their longevity.
There’s an App for Romanian Currency
The Romanian National Bank offers an app called Leul Românesc, which provides detailed images of coins and banknotes, highlights security features, and includes quizzes and games to educate users about Romanian money.
The Leu’s Days Are Numbered
Romania has targeted euro adoption by 2024, aligning with its European Union membership. A transition period is expected, during which Romanians will exchange their lei for euros before the leu is fully replaced.
Romania and Its People
Romania is a captivating country in Eastern Europe with a rich history and cultural heritage. Globally, it’s often associated with the legend of Vlad Tepes, the historical inspiration for Dracula. Romania also boasts stunning natural beauty, including the Carpathian Mountains, Europe’s second-largest mountain range.
From music to art, Romania excels in creative expression, exemplified by traditions like immaculately painted Easter eggs. The nation also offers a diverse landscape, historic sites like the capital Bucharest, and an emerging reputation as an adventurer’s paradise.
Romania’s population extends far beyond its borders. With approximately 3.6 million Romanians living abroad, Romania has one of the highest emigrant populations among OECD member countries.
Romanian Currency Exchange Rates
Exchange rates for the Romanian leu are frequently updated and can be checked through online converters, the RNB website, or apps like Remitly. The RON is often exchanged for currencies such as the British pound (GBP), euro (EUR), US dollar (USD), or Canadian dollar (CAD).
Sending Money to Romania
If you need to send money to Romania, services like Remitly offer fast, transparent, and affordable international transfers. Stay updated on current rates and fees via the Remitly app or website.
FAQs About Romanian Currency
What is the exchange rate for GBP to RON?
Exchange rates vary daily. Use an online currency converter or check with financial institutions for the latest rates.
Is Romanian money durable?
Yes, Romanian banknotes are made from polymer, making them water-resistant and highly durable.
Can I still use old Romanian lei (ROL)?
No, the old Romanian leu was retired in 2006. Only the new leu (RON) is legal tender.
When will Romania adopt the euro?
Romania aims to adopt the euro by 2024, though the transition timeline may vary.
How can I send money to Romania?
You can send money to Romania securely and affordably using services like Remitly, which provides real-time exchange rates and multiple delivery options.
