Romanian Leu


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Romanian Leu

The currency of Romania. It was issued in 1867 and was pegged to silver and gold until 1878, when the peg shifted exclusively to gold. The peg was dropped in 1914. Revaluations occurred twice during the Communist era in Romania to enhance collectivist goals. In 2005, a third revaluation occurred following a period of high inflation.
References in periodicals archive ?
When the former Tottenham forward returned to his boyhood club last month he refused to accept Steaua's cash and asked for a symbolic payment of one Romanian leu (20 pence) to take over.
The Romanian leu hit an 11-day low against the euro ahead of a debt tender which may force Romania either to scrap a self-imposed yield cap of 7 percent or to put even more emphasis on money markets and euro debt.
Accordingly, the bank will start trading Bulgarian Lev, Iranian Rial, Romanian Leu and Russian Ruble.
But the Czech koruna, the Lithuanian litas and the Slovakian koruna have all appreciated, while the Hungarian forint, the Polish zloty and the Slovenian tolar have all fallen slightly, while the Romanian leu and the Turkish lira have lost well over half their value.
Sweden and Romania have been exercising their right as EU Member States to apply respective terms and conditions to payments in their national currencies; therefore, the aforementioned requirements apply to payments in Swedish Krona and Romanian Leu as well.
[ClickPress, Thu Dec 11 2014] Although we were surprised by the National Bank of Romania (NBR)'s policy rate cut to 3.25% on August 4 (we expected rates to be held at 3.50%), this does not materially change our bullish Romanian leu versus bearish Hungarian forint view.
The central bank has also decided to maintain the current ratios of the minimum reserve requirements at 15 percent for Romanian leu liabilities and 25 percent for foreign currency liabilities.
The Hungarian forint weakened to 271.26 per euro from 269.77 and the Romanian leu slipped to 4.1271 a euro from 4.1121.
The winning resort, Poiana Brasov, near the city of Brasov in central Romania, was undoubtedly helped by sterling's stability against the Romanian leu and easily the lowest lift pass and ski/boot hire costs at pounds 165.33.

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