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Tavid started trading with Romanian Leu and ceased exchanging the old Turkish Lira

Published by Kirke Sööt in category Financial news on 23.03.2007
Gold price (XAU-EUR)
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+ 6,89 EUR
Silver price (XAG-EUR)
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+ 0,43 EUR

Leu is the currency of Romania. One Leu is subdivided into 100 bani. All notes are printed on polymer substrate (like Australia) and the size of the notes is the same as that of euro notes. One Romanian Leu cost 4.90 Estonian Kroons in Tavid today. There are no limitations on currency import and export in Romania, but all amounts over 10 000 Euros (or equivalent) must be declared.

On 1 July 2005, Romania underwent a currency reform, switching from the previous Leu (ROL) to a new Leu (RON). Their old and the new Leu designs and background colours are similar to each other, but 1 RON is equal to 10,000 ROL. The largest new Leu note is 500.

Romania is expected to adopt the Euro in 2014.

On the picture: 500 Romania New Leu note

From today Tavid does not exchange the Old Turkish Lira (TRL), which was replaced by the New Turkish Lira (TRY) on January 1, 2005. The new currency was revalued and is worth 1,000,000 old Lira. The New Turkish Lira is available in Tavid at all times.

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