RONRomanian LeuRomanian Leu (RON)
The Romanian leu is Romania's national currency and a Central and Eastern European unit used within an EU economy outside the euro area.
- ISO code
- RON
- Symbol
- lei
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- The National Bank of Romania issues leu banknotes and coins and conducts independent national monetary policy.
- Last reviewed
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Quick facts
RON at a glance
Currency profile
How RON works
The Romanian leu is Romania's national currency and a Central and Eastern European unit used within an EU economy outside the euro area.
The National Bank of Romania issues leu banknotes and coins and conducts independent national monetary policy.
- RON is divided into 100 bani and uses polymer banknotes in its current series.
- The current leu was introduced in 2005 at one new leu for 10,000 old lei.
Context
Why this currency matters
RON combines Romania's long leu tradition with a major 2005 redenomination that removed four zeros. That event is vital when comparing historical and current prices, while Romania's EU membership should not be mistaken for euro adoption.
Monetary framework
Exchange arrangement
The National Bank of Romania issues leu banknotes and coins and conducts independent national monetary policy.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for RON
Leu established as national currency
Romania adopted the leu as a decimal national monetary unit.
National Bank of Romania - historyPostwar leu reform
A monetary reform replaced the preceding leu denomination under the postwar system.
National Bank of Romania - historyCurrent Romanian leu introduced
Romania exchanged 10,000 old lei for one new leu and adopted the RON code.
National Bank of Romania - history
Usage and economy
How RON is used
- Prices, wages and payments in Romania.
- Regional comparisons involving HUF, BGN, EUR and PLN.
Country currency guides
Banknotes and coins
RON currency units
The National Bank of Romania documents the current polymer leu banknote series.
The National Bank of Romania documents leu and bani coins used in circulation.
One Romanian Leu unit is recorded with 2 decimal places and uses Ban as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
RON questions
What happened to the Romanian leu in 2005?
Romania removed four zeros, exchanging 10,000 old lei for one current RON.
Why does Romania use RON instead of EUR?
Romania is an EU member but has not yet replaced the leu with the euro.
What is the plural of Romanian leu?
One unit is a leu; the usual plural is lei, while the ISO code remains RON.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.