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What is RON?

Picture: RON.

What is RON? It's currency, Romanian leu, L.

RON - Romanian money.

Romanian paper money, all in polymer banknotes.

RON as Romanian leu

Romanian leu (plural: lei) is the currency of Romania. Each leu is subdivided into 100 bani (singular: ban). The name of the currency means "lion". Romanian currency symbol is RON. In 2005 Romania underwent a currency reform, switching from the previous new leu (ROL) to another new leu (RON). 1 RON is equal to 10,000 ROL. According to the Romanian Currency Converter of Merrypenny the most popular rate is Romanian leu to euro.

Currency fact sheet

Romanian currency fact sheet.
Name Romanian leu
ISO 4217 code RON
Sign, symbol L
Coin 1 ban, 5, 10, 50 bani
Banknote 1 leu, 5, 10, 50, 100, 200, 500 lei
Central bank National Bank of Romania

More about...

More about the Romanian money.

The Romanian leu notes issued on 1 July 2005 are of equal size to euro banknotes, so that machines will need less refitting once Romania joins the euro zone. All banknotes are printed on plastic polymer, each banknote also features a small transparent window, in the shape of a distinctive item characterising the activity of the pictured personality.

The Romanian coins that are currently in circulation are one ban, five bani, ten bani and fifty bani. The one-ban coin is rare and not in demand by either banks or retailers. Supermarkets however continue to advertise prices such as 9.99. In practice, retailers almost always round to the nearest 5 bani and recently to 10 bani.

In the 1990s, after the downfall of communism, inflation ran high due to reform failures and the legalization of owning foreign currency, reaching rates as high as 300% per year in 1993. On 1 July 2005, the leu was revalued at the rate of 10,000 "old" lei (ROL) for one "new" leu (RON), thus psychologically bringing the purchasing power of the Romanian leu back in line with those of other major Western currencies. 1,000,000 lei became 100 lei.

Romanian silver coin, 100000 lei.

Romanian leu - nihil sine deo - nothing without God.

Money of Romania - RON.

Sweet violet on the money of Romania.

Exchange rates

What is the Romanian leu exchange rate today?

Central bank of Romania

The National Bank of Romania was commissioned in 1880 as a result of the Romanian liberal way of thinking centred on the idea of putting in place a solid credit system. The start-up capital amounted to lei 30 million, of which lei 10 million was state owned.

After the communist regime in 1990, the National Bank of Romania has embarked upon the bumpy path of resuming the operations it had performed before 1946. Overall, the Romanian financial system has become much more dynamic and complex in the past few years, leading to intertwining at institutional level. These developments called for the co-operation among the authorities in charge of licensing, regulating, supervising and controlling the component markets of the financial system in order to ensure the transparency, stability and integrity of the financial system and its component markets, the compliance with the applicable legal framework, as well as the expansion of the national financial stability framework.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

Find out more about the Romanian leu by googling for Romania currency.

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