Exchange your Romanian Old Lei

Do you have leftover Romanian Old Lei? We offer a fast and easy way to exchange both current and withdrawn Romanian Old Lei banknotes and coins. Convert them into your local currency today with our quick and hassle-free exchange service.

ROL

Romanian 2000 Old Lei Banknote Front Issued 2000 Accepted For Exchange

Romanian 2000 Old Lei Banknote Issued 2000

£0.0201

1 ROL = £0.0000

Romanian 10000 Lei Banknote Front Issued 1999 Accepted For Exchange

Romanian 10000 Lei Banknote Issued 1999

£0.1005

1 ROL = £0.0000

Romanian 50000 Lei Banknote Front Issued 2000 Accepted for Exchange

Romanian 50000 Lei Banknote Issued 2000

£0.5025

1 ROL = £0.0000

Romanian 100000 Lei Banknote Front Issued 2001 Accepted for Exchange

Romanian 100000 Lei Banknote Issued 2001

£1.0050

1 ROL = £0.0000

Romanian 500000 Lei Banknote Front Issued 2003 Accepted for Exchange

Romanian 500000 Lei Banknote Issued 2003

£5.0250

1 ROL = £0.0000

Romanian 1000000 Lei Banknote Front Issued 2003 Accepted for Exchange

Romanian 1000000 Lei Banknote Issued 2003

£10.0500

1 ROL = £0.0000

The Romanian Old Leu was replaced by the new leu in 2005, marking the country’s transition to a more stable and modern currency system.

Romanian Old Lei Information

The Romanian Old Leu (ROL) was the currency of Romania from 1947 until 2005, when it was replaced by the new Romanian Leu (RON) at a rate of 10,000 old lei to 1 new leu.
The old leu was subject to significant inflation, particularly during the late 20th century, as Romania faced economic challenges under the Communist regime and during the transition
to a market economy in the 1990s.

The Romanian Old Leu was subdivided into 100 bani, and the currency was issued in both coins and banknotes. Coins were available in denominations ranging from 1 ban to 500 lei, while banknotes were issued in denominations of 1,000, 5,000, 10,000, 50,000, 100,000, and even 1,000,000 lei during periods of hyperinflation.

The designs on Romanian Old Leu banknotes featured a mix of national symbols, historical figures, and Communist-era imagery, reflecting Romania’s political and economic landscape at the time.

The old leu was often unstable due to Romania’s economic struggles during the 1980s and 1990s. Inflation reached record levels, particularly during the 1990s, leading to the devaluation of the currency and the eventual introduction of the new leu. Despite its instability, the old leu played a vital role in Romania’s financial system for nearly six decades.

The National Bank of Romania was responsible for issuing the old leu and managing the country’s monetary policy. However, during periods of economic instability, the bank struggled to control inflation, leading to frequent changes in currency values and a reliance on large denomination banknotes to cope with rising prices.

In conclusion, the Romanian Old Leu was an important part of Romania’s financial history, reflecting both the country’s struggles with inflation and its eventual transition to a more stable economic system. It was replaced by the new leu in 2005, marking a significant turning point in Romania’s economic modernisation.