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Play Online Casino with Romanian Lei

The history of the Romanian Leu ("Lei" is the plural form) is somewhat tumultuous. There is no “rise and fall” with this particular currency; it has been on more of a steady decline since it was first introduced.

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The only country that uses Lei is Romania. The currency was first introduced in 1867 but was minted for the first time in 1870. The currency consists of both bills and coins. The coins are referred to as "ban"(singular)or "Bani"(plural).The sizes of the coins have frequently changed over the course of the currency history. To put into perspective, one Leu is divided into 100 bani (think $1 US Dollar/US Penny).Bills - 1 Leu, 5, 10, 50, 100, 200, and 500 Lei Coins - 1 ban, 5, 10, 50 bani Currently, Romania is working on fulfilling the requirements needed to adopt the Euro as the official form of currency. They are expected to have all requirements fulfilled by 2020.Romanian Leu Timeline: 1878- Russian Ruble held such great value it nearly decommissioned the Leu 1889- Romania joined the Latin Monetary Union; Gold Standard adopted 1914- Romania abandoned the Gold Standard and saw steady decline in the value of the Leu over the next 33 years 1947- Second Leu introduced – 150 Lei = $1 US Dollar 1952- Third Leu introduced – varied in worth, depending on the type of transaction 2005- Fourth Leu introduced 2020- Romania is expected to adopt the Euro

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