The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced 12 currencies on 1 January 2002, it inherited their use in territories such as Montenegro and replaced minor currencies tied to the pre-euro currencies, such as in Monaco.
After trying to prevent appreciation of its currency, this talk of pegging was on. I however did not really think this would happen. SNB has finally gone ahead and has pegged the currency to Euro
Calculate live Euro to US Dollar foreign exchange rates with this free currency converter. You can convert currencies and precious metals with this currency calculator.
The Romanian new leu is made up of 100 bani and is often presented with the symbol L. The new leu is expected to remain the currency of Romania until it adopts the euro in 2014.
JUMP TO Eurozone Pegged New members Old. II. Fixed To The Euro 24 states and territories have a national currency which is pegged to the euro.
Translation for 'peg' in the free Romanian dictionary. More Romanian translations for: clothes peg, to peg out, to peg to, peg for hanging pottery, to take sb. down a peg.
Preliminarii CM 2014 | Debut cu dreptul: Estonia - Romania 0-2.
In 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). 1 RON is equal to 10,000 ROL.
Africa is home to most of the fixed currency countries at 19, with 14 of them using the CFA franc that is pegged to the Euro and three pegged to the South African Rand (ZAR) as part of a Common Monetary Area.
Romanian New Leu. Overview. The Leu (plural = Lei) is the foreign money of Romania.