A Basic Idea of Romanian Money
Posted by admin on July 22nd, 2009Romanian money is called “leu”. 100 “bani” make up one unit of leu. The word leu is derived from the Romanian word which means lion. Recently on July 1, 2005, Romania got currency reforms. It switched from the old leu(ROL) to a new leu(RON). 10,000 ROL make up 1 RON. The Maldives have currency named leu too, but it does not have anything to do with the Romanian leu. Since the last two years, Romanian leu has been one of the top five performing currencies in the world.
In the year 2007, Romania joined the European Union. In the year 2014, Romania is expected to adopt the Euro as its currency. This country in Central Europe has an upper-middle class economy. Its economy has always been characterized by rapid development and high growth rate. In fact, Romania has the highest rate of development in the whole of European Union. Being an important trading partner, Bucharest, the capital city of Romania is one of the biggest financial centres. Even in foreign investment, Romania has clocked significant growth with its FDI measuring more than $100 billion since the year 1989.
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