From Wikipedia, the free encyclopedia
The leu is not yet part of ERM II. The Romanian government has announced plans to join the eurozone by 2014. The plan also stipulates to adhere to the ERM-II no sooner than 2012.[1] The president of the ECB said in June 2007, that "Romania has a lot of homework to do ... over a number of years" before joining ERM II.[2]
To simplify future adjustments to ATMs at the adoption of the euro, when the Romanian new leu was adopted in 2005 (at 10,000 old lei to 1 new leu) the new banknotes were issued to the same physical proportions as euro banknotes. The old leu notes were substantially wider than the new notes.
Romanian euro coins have not yet been designed. Romanian law requires that the coat of arms of the country be used on coin designs.[3] The European currency is called in Romanian euro ['eˑuro] and its subunit eurocent ['eˑurotʃ'ent].
[edit] References
This coin-related article is a stub. You can help Wikipedia by expanding it.
