Currency Rate
Romanian New Leu to USD
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Buying rate
RON 0.215260
Selling rate
RON0.248016
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The Romanian leu (symbol: lei; code: RON) is the official currency of Romania.
Currency Details
- Country code RO
- Symbol RON
- ISO Code RON
- Subunits 1 Leu = 100 Bani
Coins
- 1 ban
- 5 bani
- 10 bani
- 50 bani
Banknotes
- 1 leu
- 5 lei
- 10 lei
- 50 lei
- 100 lei
- 200 lei
- 500 lei
The Romanian Leu, abbreviated as RON, is the official currency of Romania. Symbolized as "L", it is subdivided into 100 bani. The modern leu was introduced in 2005 following a currency revaluation (1 new leu = 10,000 old lei), marking Romania's economic stabilization and path toward EU integration.
History and Background
The leu ("lion") dates back to 1867, when Romania first issued its national currency. The 20th century saw multiple revaluations due to inflation, most dramatically in 2005 when Romania dropped four zeros to create the current leu. This reform coincided with EU accession negotiations, symbolizing Romania's economic transformation from post-communist struggles to market economy. The leu's banknotes feature prominent Romanian cultural figures, from poet Mihai Eminescu to composer George Enescu.
The leu ("lion") dates back to 1867, when Romania first issued its national currency. The 20th century saw multiple revaluations due to inflation, most dramatically in 2005 when Romania dropped four zeros to create the current leu. This reform coincided with EU accession negotiations, symbolizing Romania's economic transformation from post-communist struggles to market economy. The leu's banknotes feature prominent Romanian cultural figures, from poet Mihai Eminescu to composer George Enescu.
Economic Significance
Managed by the National Bank of Romania, the leu operates under a floating exchange rate with occasional interventions. While Romania joined the EU in 2007, it has not yet adopted the euro, maintaining the leu as a key symbol of national identity. The currency's value reflects Romania's mixed economy - influenced by automotive manufacturing, IT services, and agricultural exports. Recent years have seen the leu become one of Central Europe's more stable currencies.
Managed by the National Bank of Romania, the leu operates under a floating exchange rate with occasional interventions. While Romania joined the EU in 2007, it has not yet adopted the euro, maintaining the leu as a key symbol of national identity. The currency's value reflects Romania's mixed economy - influenced by automotive manufacturing, IT services, and agricultural exports. Recent years have seen the leu become one of Central Europe's more stable currencies.
Usage and Exchange
Lei are essential for everyday transactions, though euros are sometimes accepted in tourist areas. ATMs are widespread, and exchange offices offer good rates, especially in Bucharest, Cluj-Napoca, and Brasov. Credit cards are widely accepted in cities, but rural areas and small vendors often prefer cash. Unique feature: Romania's polymer banknotes (introduced in 2005) are more durable and secure. For travelers, exchanging leftover lei can be challenging outside Romania.
Conclusion The Romanian leu mirrors the country's journey - from medieval origins through communist-era turbulence to modern EU member. Whether exploring Transylvanian castles or Bucharest's vibrant startups, handling lei connects visitors to Romania's rich culture. As debates about euro adoption continue, the leu remains a proud symbol of Romania's economic progress and national character.
Lei are essential for everyday transactions, though euros are sometimes accepted in tourist areas. ATMs are widespread, and exchange offices offer good rates, especially in Bucharest, Cluj-Napoca, and Brasov. Credit cards are widely accepted in cities, but rural areas and small vendors often prefer cash. Unique feature: Romania's polymer banknotes (introduced in 2005) are more durable and secure. For travelers, exchanging leftover lei can be challenging outside Romania.
Conclusion The Romanian leu mirrors the country's journey - from medieval origins through communist-era turbulence to modern EU member. Whether exploring Transylvanian castles or Bucharest's vibrant startups, handling lei connects visitors to Romania's rich culture. As debates about euro adoption continue, the leu remains a proud symbol of Romania's economic progress and national character.