Romanian Ley(Romanian:Leu românesc，complexLei românesc，ISO 4217code:RON, numeric code:nine hundred and forty-six）, is the official currency of Romania, and the fractional currency is called Bani（bani）, 1 Ley=100 Barney.
Origin
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In the 17th century, it was popular in RomaniaNetherlandsGold coins, because these gold coinslion(lei) is the pattern, so Romanian residents generally call these coins "lei".
After the independence of Romania in 1867, Ley was determined as the official currency name, which stipulated that one Ley was worth 83.5% of 5 gramssilverOr 0.29032ggold。
Development history
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Romanian lei coins
In modern 1878, the more robustRussian RubleIt gradually pushed Ley out of Romania's circulation channels.In order to change this situation, Romania acceptedgold standard, and joinLatin Monetary Union, Provisionssilver coinThe nominal value shall not exceed 50 lei.
On February 7, 1929, the Romanian government announced that Ley anddollarThe exchange rate is 1 US dollar to 167.20 lei.After that, the Romanian government devalued the Ley twice.
Romanian Ley (2005)
World War IIthe Second World WarDuring this period, the Romanian government announced that Ley was changed toDeutschmarkIt was stipulated that 1 mark was converted into 49.50 lei, and then devalued to 59.5 lei.
postwar,Soviet UnionThe occupation of Romania stipulated that one rouble should be exchanged for 100 lei.After the withdrawal of the Soviet army, Ley depreciated sharply.
In the socialist period 1947, the Romanian government announced the release of the new Ley, which stipulated thatNew LeyEqual to 20000Old Ley, between the new Ley and the US dollarexchange rateIt is specified as 150:1.
In 1952, Romania issued the third version of Ley, which stipulated that deposits, cash, debts, etc. must be converted into new Ley at different exchange rates from 20:1 to 400:1.
In 1970, the Romanian government announced that the Ley was not convertible.
Romanian Ley (2005)
From then on untilEastern European upheavalPreviously, Ley could only convert into foreign currency at the official exchange rate, which directly led to Romania's disastrousmoney supplyDeficiency.
In 1989, after the drastic changes in Eastern Europe,Nicola CeausescuAfter the collapse of the regime, Ley returned toConvertible currency, resulting in severe malignancyinflationFrom the initial exchange rate of one dollar for eight leis to the exchange rate of one euro for 40000 leis in September 2003.Only then did inflation be brought under control.
In July 2005, Romania issued the fourth edition of Ley, which stipulated that 10000 old Leies should be exchanged for 1 new Ley.In 2007, the old Ley officially withdrewCirculation field。
Romania joined in 2007european union, but has not joined the euro zone.[2]
