Romanian Leu

• Banca Naţională a României (BNR) is the Central Bank of Romania. Its objective is to maintain price stability, and it also supports the economic policy pursued by the Romanian Government.
• Price setting method: the floating exchange rate is described as “supervised”. The BNR is likely to make timely targeted foreign exchange interventions, in response to unexpected shocks that may affect the Romanian economy.

• The leu, the name of the national currency, means “lion” in Romanian.
• In 2005 the new Romanian Leu was created, following the BNR’s decision to remove four zeros from the cuts of the time (which occurred during a period of high inflation).

• The RON is a so-called relatively stable emerging currency, despite the floating exchange rate in place in the country. The EUR / RON has appreciated barely 5% since early 2013.

There are no special restrictions on the purchase and sale of RON.