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Encyclopedia > Romanian leu
Romanian leu
Leu românesc (Romanian)
one leu one ban
ISO 4217 Code RON
User(s) Romania
Inflation 3.6%
Source Consumer Price Index for December and 2006, National Institute of Statistics, January 12, 2007
Subunit
1/100 ban
Symbol L
ban b
Plural lei
ban bani
Coins
Freq. used 5, 10, 50 bani
Rarely used 1 ban
Banknotes
Freq. used 1 leu, 5, 10, 50, 100 lei
Rarely used 200, 500 lei
Central bank National Bank of Romania
Website www.bnr.ro
Printer National Bank of Romania
Website www.bnr.ro
Mint Monetăria Statului
Website www.monetariastatului.ro

The leu (/leŭ/, plural: lei /lej/; ISO 4217 code RON; numeric code 946) is the currency of Romania.It is subdivided into 100 bani (singular: ban). On 1 July 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). 1 RON is equal to 10,000 ROL. 1 Moldovan leu note, obverse and reverse The leu (ISO 4217 code MDL) is the national currency of Moldova. ... Image File history File links 1_RON.jpg‎ Sumar www. ... Image File history File links 001_RON.gif‎ www. ... Ban could be: Look up ban in Wiktionary, the free dictionary. ... Ban could be: Look up ban in Wiktionary, the free dictionary. ... Look up Plural in Wiktionary, the free dictionary Plural is a grammatical number, typically referring to more than one of the referent in the real world. ... Ban could be: Look up ban in Wiktionary, the free dictionary. ... // Source: www. ... Categories: Romania-related stubs | Romanian economy | Central banks ... The word printer is used to describe a company that provides commercial printing services, involving typesetting, printing and book-binding. ... Categories: Romania-related stubs | Romanian economy | Central banks ... A mint is a facility which manufactures coins for currency. ... The State Mint (Romanian: Monetăria Statului) is the national mint of Romania. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


Romania joined the European Union on the 1st of January 2007 and it is expected to adopt the Euro in 2014[1] “EUR” redirects here. ...

Contents

Etymology

During the 17th century, Dutch daalder bearing a lion (leeuwendaalder) circulated in the Romanian principalities; they were often called lei (lions). The name was kept as a generic term for money, and became the official name of the national currency in 1867 after several attempts to impose a more nationalist name, such as român (cf. franc) or românat (cf. ducat). The Bulgarian lev has the same etymology. (16th century - 17th century - 18th century - more centuries) As a means of recording the passage of time, the 17th century was that century which lasted from 1601-1700. ... ISO 4217 Code NLG User(s) The Netherlands Inflation 2. ... Cunt BAg Twat Fuk suck my penis ring 0778851865!!!!!!Year 1867 (MDCCCLXVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the of the 12-day slower Julian calendar). ... Look up Cf. ... The ducat (IPA: ) is a gold coin that was used as a trade currency throughout Europe before World War I. Its weight is 3. ... ISO 4217 Code BGN User(s) Bulgaria Inflation 7. ...


The subdivision of leu is the ban, pl. bani, meaning both "money" and "coin".


History

First leu

10 bani copper coin, 1867
10 bani copper coin, 1867
5 lei coin minted in 1883

On April 22, 1867, a bimetallic currency was adopted, with the leu equal to 5 grams of 83.5 % silver or 0.29032 grams of gold. Image File history File linksMetadata Download high-resolution version (1470x726, 488 KB) 10 bani - Romanian coin of 1867 Ø 30 mm Ç‚ 1. ... Image File history File linksMetadata Download high-resolution version (1470x726, 488 KB) 10 bani - Romanian coin of 1867 Ø 30 mm Ç‚ 1. ... File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... is the 112th day of the year (113th in leap years) in the Gregorian calendar. ... Cunt BAg Twat Fuk suck my penis ring 0778851865!!!!!!Year 1867 (MDCCCLXVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the of the 12-day slower Julian calendar). ...


After 1878 the silver Russian ruble was valued so highly as to drive the native coins out of circulation. Consequently, in 1889, Romania joined the Latin Monetary Union and adopted a gold standard. Silver coins were legal tender only up to 50 lei. All taxes and customs dues were to be paid in gold and, owing to the small quantities issued from the Romanian mint, foreign gold coins were current, especially French 20-franc pieces (equal at par to 20 lei), Turkish gold lire (22.70), old Russian imperials (20.60) and British sovereigns of (25.22). 1878 (MDCCCLXXVIII) was a common year starting on Tuesday (see link for calendar). ... ISO 4217 Code RUB User(s) Russia and self-proclaimed Abkhazia and South Ossetia Inflation 7% Source Rosstat, 2007 Subunit 1/100 kopek (копейка) Symbol руб kopek (копейка) к Plural The language(s) of this currency is of the Slavic languages. ... Year 1889 (MDCCCLXXXIX) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day slower Julian calendar). ... The Latin Monetary Union (LMU) was a 19th century attempt to unify several European currencies into a single currency that could be used in all the member states, at a time when most national currencies were still made out of gold and silver. ... The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Standard atomic weight 107. ... Three Gold Sovereigns with a Krugerrand A Gold Sovereign is a British gold coin, first issued in 1489 for Henry VII, generally with a value of one pound sterling. ...


Romania left the gold standard in 1914 and the leu's value fell. The exchange rate was pegged at 167.20 lei = 1 U.S. Dollar on February 7, 1929, 135.95 lei on November 5, 1936, 204.29 lei on May 18, 1940, and 187.48 Lei on March 31, 1941. During Romania's World War II alliance with Germany, the leu was pegged to the Reichsmark at a rate of 49.50 lei = 1 Reichsmark, falling to 59.5 lei in April 1941. During Soviet occupation, the exchange rate was 1 ruble = 100 lei. After the war, the value of the currency fell dramatically. [1] The United States dollar is the official currency of the United States. ... is the 38th day of the year in the Gregorian calendar. ... Year 1929 (MCMXXIX) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar. ... is the 309th day of the year (310th in leap years) in the Gregorian calendar. ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ... May 18 is the 138th day of the year (139th in leap years) in the Gregorian calendar. ... This article or section does not cite any references or sources. ... Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000... User(s) Germany Subunit 1/100 Reichspfennig Symbol RM Reichspfennig Rpf. ... For the movie, see 1941 (film). ... State motto (Russian): Пролетарии всех стран, соединяйтесь! (Transliterated: Proletarii vsekh stran, soedinyaytes!) (Translated: Workers of the world, unite!) Capital Moscow Official language None; Russian (de facto) Government Federation of Soviet republics Area  - Total  - % water 1st before collapse 22,402,200 km² Approx. ...


Second leu

On August 15, 1947, a revaluation took place, with a new leu replacing the old one at a rate of 20,000 old lei = 1 new leu. This revaluation, called a monetary reform or stabilisation measure (mica stabilizare, marea stabilizare), was carried out by the Communist authorities with absolutely no advance warning and without the possibility to exchange more than a fixed amount of money for the new currency. This was done in order to depose the former middle and upper classes of their last assets, after nationalization, to prepare for collectivization and to finalize the installation of communism. At the time of its introduction, 150 new lei equalled 1 U.S. dollar. is the 227th day of the year (228th in leap years) in the Gregorian calendar. ... Nationalization or nationalisation is the act of transferring assets into public ownership. ... Collective farming is an organizational unit in agriculture in which peasants are not paid wages, but rather receive a share of the farms net output. ... Communism is an ideology that seeks to establish a classless, stateless social organization based on common ownership of the means of production. ...


Third leu (ROL)

a 10 lei banknote issued in 1966
a 10 lei banknote issued in 1966

On January 28, 1952, another new leu was introduced. Unlike the previous revaluation, different rates were employed for different kinds of exchange (cash, bank deposits, debts, etc) and different amounts. These rates ranged from 20 to 400 "old lei" for 1 "new" leu. Again, no advance warning was given before the reform took place Image File history File links Download high resolution version (1053x510, 66 KB) The top text reads National Bank of the Socialist Republic of Romania. Above the denomination title ZECE LEI you can see the coat of arms of Communist Romania. ... Image File history File links Download high resolution version (1053x510, 66 KB) The top text reads National Bank of the Socialist Republic of Romania. Above the denomination title ZECE LEI you can see the coat of arms of Communist Romania. ... January 28 is the 28th day of the year in the Gregorian calendar. ... 1952 (MCMLII) was a Leap year starting on Tuesday (link will take you to calendar). ...


During the communist era, the gold standard was dropped after requiring severe adjustments to prevent inflation following the revaluations. After the gold standard was dropped, the leu lost convertibility and, between 1970 and 1989, the official exchange rate was fixed by the government through law. This exchange rate was used by the government to calculate the value of foreign trade, but foreign currency was not available to be bought and sold by private individuals. Owning or attempting to buy or sell foreign currency was a criminal offence, punishable with a prison sentence that could go up to 10 years (depending on the amount of foreign currency found under one's possession). International trade was therefore considered as part of another economic circuit than domestic trade, and given greater priority. This inflexibility and the existence of surplus money due to constant economic decline in the 1980s, mixed with the need for more foreign currency and the refusal of the very unpopular Ceauşescu regime to accept inflation as a phenomenon in order to attain convertibility, led to one of the greatest supply side crisis in Romanian history, culminating with the introduction of food rationing starting 1986/1987, and partly triggering the downfall of communism. The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. ... This article does not cite any references or sources. ... Nicolae CeauÅŸescu (IPA , in English, sometimes (and erroneously) ) (January 26, 1918–December 25, 1989) was the leader of Romania from 1965 until December 1989. ...

1,000,000 old lei
168 × 78 mm
100 new lei
147 × 82 mm
Same design, different sizes. The images are to scale.

In the 1990s, after the downfall of communism, inflation ran high due to reform failures, the legalisation of owning foreign currency in 1990, and the bankrupt policies of the former communist era, reaching rates as high as 300% per year in 1993. By September 2003, one euro was exchanged for more than 40,000 lei, this being its peak value. Following a number of successful monetary policies in the late 1990s and early 2000s, the situation became gradually more stable, with one digit inflation in 2005. File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links 100 Romanian lei (RON), July 2005. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... Year 2003 (MMIII) was a common year starting on Wednesday (link displays 2003 calendar) of the Gregorian calendar. ... “EUR” redirects here. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


The Romanian leu briefly held the dubious distinction of being the world's least valued currency unit, from January (when the Turkish lira dropped six zeros) to July 2005. However, the 1,000,000 lei bill was not the highest Romanian denomination ever. This distinction belongs to the 1947 5 million lei bill. The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. ... ISO 4217 Code TRL User(s) Turkey and the self-proclaimed Turkish Republic of Northern Cyprus Subunit 1/100 kuruÅŸ 1/4000 para Symbol TL Coins 5000, 10,000, 25,000, 50,000, 100,000, 250,000 lira Banknotes 250,000, 500,000, 1,000,000, 5,000,000, 10... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


Fourth leu (RON)

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 leu back in line with those of other major Western currencies. The term chosen for the action was "denominare", similar to the English "denomination", to signify not a conversion, but rather a total reinvention. is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


The first day brought difficulties adjusting to the new paper currencies and closed ATMs (that needed reprogramming) and forcing a new calculation habit that slowed down shops and annoyed some salespeople and shoppers. The old ROL currency remained in circulation until January 1, 2007, but all accounts have been converted starting July 1, 2005. There is no conversion time limit between the currencies. Retailers had to display prices in both old and new currency from March 1, 2005 until June 30, 2006. The appreciation of the leu during 2005 was about 20% against a basket of major currencies. is the 1st day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is now the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 60th day of the year (61st in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ...


As of 2006, the revaluation is a potential source of confusion, especially to visitors, since both old and new currency values are commonly quoted. When written, the very large amounts in old currency are usually obvious, but in speaking inhabitants might refer to an amount of 5 new lei as simply "fifty" in reference to its value 50,000 old lei.


Coins

First leu

In 1867, copper 1, 2, 5 and 10 bani were issued, with gold 20 lei (known as poli after the French Napoleons) first minted the next year. These were followed, between 1870 and 1873, by silver 50 bani, 1 and 2 lei. Silver 5 lei were added in 1880. Uniquely, the 1867 issue used the denomination 1 banu rather than 1 ban. The napoleon is a former French gold coin. ...


In 1900, cupro-nickel 5, 10 and 20 bani coins were introduced, with holed versions following in 1905. The production of coins ceased in 1914, recommencing in 1921 with aluminium 25 and 50 bani pieces. Cupro-nickel 1 and 2 lei coins were introduced in 1924, followed by nickel brass 10, 20 and 50 lei in 1930. In 1932, silver 100 lei coins were issued. However, inflation meant that, in 1935, smaller silver 250 lei coins were introduced with nickel 100 lei coins being issued in 1936, followed by nickel 50 lei in 1937.


In 1941 and 1942, zinc 2, 5 and 20 lei coins were introduced, together with silver 200 and 500 lei. Nickel-clad-steel 100 lei followed in 1943, with brass 200 and 500 lei issued in 1945. In 1946 and 1947, a new coinage was issued consisting of aluminium 500 lei, brass 2000 and 10,000 lei, and silver 25,000 and 100,000 lei.


Second leu

In 1947, coins were issued before the overthrow of King Mihai, in denominations of 50 bani, 1, 2 and 5 lei. After the creation of the People's Republic, new coins were issued between 1949 and 1952, in denominations of 1, 2, 5 and 20 lei. King Michael I of the Romanians (born October 25, 1921), Prince of Hohenzollern[1][2][3], reigned as King of the Romanians (in Romanian Maiestatea Sa Mihai I Regele Românilor or Majestatea Sa Mihai I Regele Românilor) from July 20, 1927 to June 8, 1930, and again from...


Third leu

In 1952, coins were introduced in denominations of 1, 3, 5, 10 and 25 bani, with the 1, 3 and 5 struck in aluminium bronze and the others in cupro-nickel. In 1955, cupro-nickel 50 bani were added.


In 1960, a new coinage was introduced, consisting of 5, 15 and 25 bani, with 1 and 3 lei coins added in 1963. All were struck in nickel-clad steel. In 1975, aluminium replaced steel in the 5 and 15 bani, with the same change happening for the 25 bani in 1982. Aluminium 5 lei were introduced in 1978.


Following the end of the communist regime, a new coinage was introduced between 1990 and 1992, consisting of 1 leu in bronze clad steel, 5 and 10 lei in nickel plated steel, 20 and 50 lei in brass clad steel and nickel plated steel 100 lei.


As inflation took its toll, 500, 1000 and 5000 lei coins were introduced in 1999, 2000 and 2001, respectively, and were the only coins circulating when the revaluation occurred. They were all criticized for being clumsy and difficult to use. The 500 lei coins were very thick (about 0.3 cm). Despite their small value, it took only a handful of such coins to fill one's pocket. They were also made of poor material and could be occasionally found with bite marks. The 1000 lei coin was considered too small and was also cheaply made, and the 5000 lei coin was not circular (it was a dodecagon). This made it awkward to handle and difficult to use in slot machines, where it was frequently the only coin accepted. The 500, 1000 and 5000 lei coins became worth 5, 10 and 50 bani with the revaluation. In geometry, a dodecagon is a polygon with exactly twelve sides. ...


Fourth leu

In 2005, the following coins were introduced for circulation:

New Leu Coins
Image Value Technical parameters Description Date of
Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue
1 ban 16.75 mm 1.6 mm 2.4 g Brass plated steel Smooth Coat of arms, state title, year of minting Value 2005 1 July 2005
5 bani 18.25 mm 1.6 mm 2.78 g Copper plated steel Milled Coat of arms, state title, year of minting Value 2005 1 July 2005
10 bani 20.50 mm 1.8 mm 4.0 g Nickel plated steel Alternately smooth and milled Coat of arms, state title, year of minting Value 2005 1 July 2005
50 bani 23.75 mm 1.9 mm 6.1 g Brass
80% copper
15% zinc
5% nickel
"ROMANIA * ROMANIA *" Coat of arms, state title, year of minting Value 2005 1 July 2005
These images are to scale at 2.5 pixels per millimetre, a standard for world coins. For table standards, see the coin specification table.

The 1 ban coin is rare and not in demand by either banks or retailers.[2] In practice, retailers almost always round to the nearest 5 bani. Image File history File links 1_b. ... Coat of Arms of Romania The Coat of Arms of Romania consists of an eagle holding a cross in its beak and a sceptre and a sword in its claws. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Image File history File links 5_b. ... Coat of Arms of Romania The Coat of Arms of Romania consists of an eagle holding a cross in its beak and a sceptre and a sword in its claws. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Image File history File links 10b. ... Coat of Arms of Romania The Coat of Arms of Romania consists of an eagle holding a cross in its beak and a sceptre and a sword in its claws. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Image File history File links Download high-resolution version (882x309, 41 KB) Romanian coin The image above depicts a unit of currency issued by Romania. ... For other uses, see Brass (disambiguation). ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Standard atomic weight 63. ... General Name, Symbol, Number zinc, Zn, 30 Chemical series transition metals Group, Period, Block 12, 4, d Appearance bluish pale gray Standard atomic weight 65. ... General Name, Symbol, Number nickel, Ni, 28 Chemical series transition metals Group, Period, Block 10, 4, d Appearance lustrous, metallic and silvery with a gold tinge Standard atomic weight 58. ... Coat of Arms of Romania The Coat of Arms of Romania consists of an eagle holding a cross in its beak and a sceptre and a sword in its claws. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


The new coins have also faced criticism. Their size and very simple design make the coins hard to distinguish for the visually impaired. The quality of the materials used is also questionable, with coins becoming oxidized and dark within weeks from the initial release.


Banknotes

// Source: www. ...

First leu

In 1877, state notes were introduced in denominations of 5, 10, 20, 50, 100 and 500 lei. In 1880, these notes were overstamped for issue by the Banca Nationala a Romanei, which began to issue regular notes in 1881 in denominations of 20, 100 and 1000 lei.


In 1914, 5 lei notes were reintroduced, followed by 1 and 2 lei notes in 1915 and 500 lei in 1916. The Ministry of Finance issued very small sized notes for 10, 25 and 50 bani in 1917. 500 lei notes were introduced in 1940, followed by 10,000 and 100,000 lei in 1945 and 1 and 5 million lei in 1947. In 1945, the Ministry of Finance issued 20 and 100 lei notes to replace those of the Banca Nationala.


Second leu

In 1947, the Ministry of Finance introduced 20 lei notes and Banca Naţională a României introduced 100, 500 and 1000 lei notes. In 1949, Banca Republicii Populare Române took over the production of paper money and issued 500 and 1000 lei notes.


Third leu

In 1952, the Ministry of Finance introduced notes for 1, 3 and 5 lei, and the Banca Republicii Populare Romane introduced 10, 25 and 100 lei notes. In 1966, the Banca Nationala a Republicii Socialiste Romania took over the production of all paper money, issuing notes for 1, 3, 5, 10, 25, 50 and 100 lei.


In 1991, 500 and 1000 lei notes were introduced, followed by 200 and 5000 lei notes in 1992, 10,000 lei in 1994, 50,000 lei in 1996, 100,000 lei in 1998, 500,000 lei in 2000 and 1 million lei in 2003. The final issues of the 2000, 10,000, 50,000, 100,000, 500,000 and 1 million lei were polymer notes.


Notes in circulation at the revaluation were:

  • 10,000 lei (became 1 leu)
  • 50,000 lei (became 5 lei)
  • 100,000 lei (became 10 lei)
  • 500,000 lei (became 50 lei)
  • 1,000,000 lei (became 100 lei)

Fourth leu

In 2005, polymer notes were introduced for 1, 5, 10, 50, 100 and 500 lei. 200 lei notes were added in 2006. The designs of the 1, 5, 10, 50 and 100 lei notes are based on those of the earlier 10,000, 50,000, 100,000, 500,000 and 1 million lei notes which they replaced.

Current RON exchange rates
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See also

The history of coins in the area that is now Romania spans over a 2500-year period; coins were first introduced in significant numbers to this area by the Greeks, through their colonies on the Black Sea shore. ... €2 commemorative coins Note: Denmark and the UK currently opt to maintain their national currencies, the krone and the pound. ... Romania is a large, upper-middle-income[7] economy of central-eastern Europe, the 19th largest in Europe by total nominal GDP and the 12th largest based on purchasing power parity. ...

References

  1. ^ Romania hopes to introduce euro in 2014. Hotnews.ro (2007-01-26). Retrieved on 2007-06-28.
  2. ^ (Romanian) Gândul, Moneda de 1 ban n-are căutare, November 3, 2005 - accessed on January 1, 2007

Year 2007 (MMVII) is now the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 179th day of the year (180th in leap years) in the Gregorian calendar. ...

External links


  Results from FactBites:
 
Romanian leu - definition of Romanian leu in Encyclopedia (511 words)
The Romanian leu (plural: lei; ISO 4217 code ROL) is the national currency of Romania.
While Moldova was a province of Romania (1918-1940), the Romanian leu circulated in that area.
On July 1, 2005, the Romanian leu will be revalued at the rate of 1 new leu (RON) for 10,000 "old" lei (ROL).
  More results at FactBites »

 
 

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