Countries that use the MDL
Currency Exchange Rates for Moldovan leu? Convert GBP to MDL at todays exchange rate. See money transfer for Moldova and historical to restrictions.
Compare Money Transfer Currencies Section MDL
Leu Moldavian (MDL) these days
MDL is the currency of Moldova, its nickname is â€œlionâ€ and it's distributed by the National Bank of Moldova. In Moldova there is an inflation rate of 7.5% average, which means its currency is suffering an undervaluation respect to US dollar.
Foreign currencies may be exchanged at banks or at exchange offices. A good part of offices in Moldova only exchange some currencies as Euros, U.S. Dollars, British Pounds ,Romanian Lei, Swiss Francs, other currencies as Turkish Lira and Rubles. The Chisinau Airport and many hotels also have the capability of exchange currencies. Exchange services at the Chisinau Airport exchange fewer currencies that in other places in the country, but Chisinau Airport is a nice place to find exchanging services. This is important information if you want to pass some days in this country, you will find good places to exchange currencies.
Exchanging GBP to MDL
If you want to travel or invest in this country, you have to know that exchanging rate from GBP to MDL is 1 GBP =23.6233MDL, this change is undervalued because of Moldova's instabilities, It means that per 1 GBP you will get 23 MDL, however, this currency is starting to recover his strength to respect the US Dollar but this is really slow.
As in the rest of the former republics that formed the Soviet Union, the Moldovan economy suffered a sharp retreat after independence. The conflict in the Republic of Moldova with the Trans- Dniester/ Transnistrian rebel zone has further aggravated the situation and this affects the economy and the currency. So keep this in mind if you think to invest in this country.
Nowadays, the MDL currency is still affected by Moldova's crisis since 2016. So, if you want to invest or travel take care of some negative fluctuations that can affect Moldova Leu. You must also be careful given the high levels of corruption that led the United States to suspend financial aid to this country. Those are the things you have to know about Moldova and its currency.
Currency Information on Moldovan Leu - MDL— Moldovan leu – lei (plural)
Coins are available in denominations of 1, 5, 10, 25 and 50 bani and banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 200, 500 and 1000 lei.
Moldova used the Romanian leu between 1918 and 1944, apart from during 1940 and 1941, following the collapse of the Soviet Union;
Moldova created the temporary cupon currency, which the Moldovan leu replaced at a ratio of 1 leu: 1000 cupon.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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