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As of 1 July 2005, the leu (ROL), Romania's legal tender, was redenominated so that 10,000 old lei, in circulation on that date,
can be exchanged for 1 new leu (RON).
The existing banknotes and coins, i.e. the old lei, shall be legal tender until
end-December 2006.
By 31 December 2006, the existing banknotes and coins, i.e. the old lei, are to be
replaced gradually by the new banknotes and coins.
Starting 1 January 2007, the exchange shall be made only at the NBR branches carrying out
payments and at the offices of the credit institutions authorised by the NBR Governor's
order to perform the exchange.
The exchange will be made for unlimited period starting with 1 january 2007.
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