Romania and the euro: Difference between revisions
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The Romanian government has announced plans to join the [[eurozone]] by 2014.<ref>{{cite web|url=http://eur-lex.europa.eu/LexUriServ/site/en/com/2007/com2007_0434en01.pdf |format=PDF |title=Fifth Report on the Practical Preparations for the Future Enlargement of the Euro Area |date=2007-07-16 |publisher=Commission of the European Communities |accessdate=6 January 2009}}</ref> Currently, the [[Romanian leu|leu]] is not yet part of [[ERM II]] but plans to join in 2010-2012.[http://www.zf.ro/eveniment/isarescu-trecem-la-euro-dupa-2012-3009254/] The president of the [[ECB]] said in June 2007, that "Romania has a lot of homework to do ... over a number of years" before joining ERM II.<ref>{{cite news |title=ECB: Introductory statement with Q&A | url=http://www.ecb.int/press/pressconf/2007/html/is070606.en.html |publisher=[[ECB]] |date=6 June 2007 | accessdate=6 January 2009 | language=English }}</ref> |
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To simplify future adjustments to ATMs at the adoption of the euro, when the [[Romanian leu|Romanian new leu]] was adopted in 2005 (at 10,000 old lei to 1 new leu) the new banknotes were issued to the same physical proportions as euro banknotes. The old leu notes were a little wider than the new notes. |
To simplify future adjustments to ATMs at the adoption of the euro, when the [[Romanian leu|Romanian new leu]] was adopted in 2005 (at 10,000 old lei to 1 new leu) the new banknotes were issued to the same physical proportions as euro banknotes. The old leu notes were a little wider than the new notes. |
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Revision as of 14:03, 10 September 2009
- European Union member states (special territories not shown)
- 20 in the eurozone1 in ERM II, with an opt-out (Denmark)5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
- Non–EU member states
The Romanian government has announced plans to join the eurozone by 2014.[1] Currently, the leu is not yet part of ERM II but plans to join in 2010-2012.[1] The president of the ECB said in June 2007, that "Romania has a lot of homework to do ... over a number of years" before joining ERM II.[2]
To simplify future adjustments to ATMs at the adoption of the euro, when the Romanian new leu was adopted in 2005 (at 10,000 old lei to 1 new leu) the new banknotes were issued to the same physical proportions as euro banknotes. The old leu notes were a little wider than the new notes.
Romanian euro coins have not yet been designed. Romanian law requires that the coat of arms of the country be used on coin designs.[3] The European currency is called in Romanian euro [ˈe.u.ro], and its subunit eurocent [e.u.ro.ˈtʃent].
References
- ^ "Fifth Report on the Practical Preparations for the Future Enlargement of the Euro Area" (PDF). Commission of the European Communities. 2007-07-16. Retrieved 6 January 2009.
- ^ "ECB: Introductory statement with Q&A". ECB. 6 June 2007. Retrieved 6 January 2009.
- ^ Chamber of Deputies of Romania, Law No. 102/September 21, 1992 regarding the Country Coat of Arms and the State Seal, Article 4
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 Romanian currency and coinage | |
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