Countries that use the RON
Currency Exchange Rates for Romanian leu? Convert GBP to RON at todays exchange rate. See money transfer for Romania and historical to restrictions.
Compare Money Transfer Currencies Section (RON)
Nicknames for that currency if any?
The RON (Romanian currency) is called the leu (lei in plural), which is divided into 100 banis, a term also used for money in the Romanian language.
Name of Central Bank
The central bank is called The National Bank of Romania. In Romanian that would be Banca NaÈ›ional a RomÃ¢niei (BNR).
From May 2016 to May 2017, the inflation rate of the RON has been 0.64%
Spelling and Capitalization
The Romanian leu and all it's variations are written as stated before, without capitalization. The capitalization is a significant symbol of the currency.
Use of the currency outside the country
The Romanian leu is not used outside of the country, and it's actually difficult to find outside of Romania.
Exchanging currency in the country
The primary option is the use of ATMs. Buying lei outside Romania is legal although we don't recommend it because the exchange rates are usually lower than in Romania. Best option would be to use a debit card and get lei from ATMs. Other options include exchange houses, but ATMs are more available.
Places like hotels will take payments in lei, although most will also take or, in fact, prefer foreign currencies. For the rest of things (shops, car rentals, etc.) the use of lei would be obligatory.
Converting from GBP pounds to RON
1 British pound = 5.13104016 Romanian leu
What does GBP to RON mean?
This conversion means that the RON is less valuable than the GBP
What is the sign for the RON?
The currency symbol is lei, but it is often presented with the letter L as well.
Is RON stable or undervalued? and what is the cause?
By showing an inflation rate of 0.64% in one year it can be said that the RON is quite stable.
What are the main currencies in use and why?
The main currencies used in Romania are the lei and the three most used currencies in the world (USD, GBP and EUR).
Currency Information on Romanian Leu - RON – Romanian leu – lei (plural)
Coins are also available in denominations of 1 ban, though these are rarely used. Banknotes are available in denominations of 1, 5, 10, 50, 100, 200 and 500 lei, though the 500 lei banknotes are not used frequently.
One leu subdivides into 100 bani and coins are available in denominations of 5, 10 and 50 bani.
The Romanian leu has been revalued 3 times, in 1947, 1952 and 2005. Romania may be joining the Eurozone, at which point they will adopt the Euro as their official currency.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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