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LOCAL CURRENCY IN ROMANIA

Would you like to know name of the currency in Romania? The money used in Romania is called Leu.

The Romanian Leu is issued and managed by the National Bank of Romania. To find out the current currency exchange rates for Leu to other major currencies of the world, click on foreign currency rates.

Romanian Currency Information
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The currency used in Romania is called as the Leu. This currency is denoted with the currency sign lei and the ISO 4217 Code for the Romanian Leu is RON. The Leu, is the official currency of the Romania . It is divided into 100 smaller units called bani.

The constitution of Romania provides that the Romania government shall have the power to print the Romanian Leu and bani coins to be used as a legal tender in Romania. The Romanian Leu bank notes and Bani coins are both designated as "legal tender" in payment of debts.

The Romanian Leu bill uses the decimal system, consisting of 100 equal units.

The symbol lei, usually written before the numerical amount, is used for the Romanian Leu.

Currently printed bank notes denominations are 1 leu, 5, 10, 50, 100 lei 200, 500 lei and the coins are minted in the denominations of 5, 10, 50 bani 1 ban.

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How Does Balance of Trade and Investment Affect the Value of the Romanian Leu
Financial analysts regularly cite the balance of trade and investment in Romania as the most important influence on the value of the Leu. The difference between what the Romania exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Leu exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Leu exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Romanian Leu.
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