[English/Romanian] © The Money Converter 2020. The last update: 15.10.2020 (other countries) The services sector is the most prominent of the Romanian economy, contributing to over 51 percent of the GDP. In 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). Publish your articles and forecasts in our website. All rights reserved, Bosnia and Herzegovina convertible mark - BAM. 1 RON is equal to 10,000 ROL. The next highest contributing sector is industry, at 36 percent, followed by agriculture, at nearly 13 percent. Given the elevated uncertainty surrounding economic and financial developments, the NBR Board decision to suspend the previously announced calendar of monetary policy meetings remains in place and monetary policy meetings will be held whenever necessary. The first Romanian leu was a bimetallic silver and gold coin issued in 1867 with other leu-denominated coins and banknotes following in 1877. Due to elevated uncertainty surrounding economic and financial developments, the central bank also decided to suspend the previously announced calendar of monetary policy meetings and hold monetary policy meetings whenever necessary. The National Bank of Romania lowered its benchmark interest rate by 25bps to 1.5 percent on August 5th of 2020, bringing borrowing costs to its lowest on record. Museum, economic and financial statistics, press releases, banking licences and regulations. The official currency of Romania is the leu, the plural form of which is lei. Romania joined the European Union on 1 January 2007 and it is expected to adopt the euro in the future. The deposit and lending facility rates were also kept steady at 1.5 percent and 3.5 percent, respectively. The official interest rate is the Policy Rate. In 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). The clients of the National Bank of Hungary can subscribe for the following currencies exchange rate: AUD,CAD,CHF,CZK,DKK,EUR,GBP,JPY,NOK,PLN,SEK,USD Other exchange rates This website uses cookies to provide a more convenient browsing experience. The Romanian Leu is the currency of Romania. Romania is one of the largest destinations of foreign investment in Central Europe, and the country has become known for being business friendly. The National Bank of Romania lowered its benchmark interest rate by 25bps to 1.75 on May 29th of 2020, bringing borrowing costs to its lowest since December of 2017. The hryvnia sign is a cursive Ukrainian letter Ge (₴) with a double horizontal stroke, symbolizing stability. 2005-2020 Data | 2021-2022 Forecast | Calendar | Historical. The National Bank of Romania held its benchmark interest rate at 2.5 percent and cut its reserve requirement ratio on foreign currency to 6 percent from 8 percent during its February meeting. Official exchange rates for Romanian Leu (RON) of the National Bank of Romania In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). Romania Current Account Gap Narrows Slightly in August, Romania Inflation Rate at 4-Month Low of 2.5%, Romanian Q2 Economy Contracts at Record Pace, Romanian Producer Inflation at Near 2-1/2 -Year Low, Romanian Industrial Output Shrinks the Least in 3 Months, Romanian Retail Sales Growth Slows to 3-Month Low, New Zealand Shares Trade Near Record Highs, China Shares Stay in Negative Territory at Midday, Finnish Jobless Rate Rises to 7.6% in September, RBA Discusses Case for Further Easing: October Minutes, China New Home Price Growth Slows to Over 4-1/2-Year Low.

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