The Romanian leu (ROL) (plural: lei) is the currency of Romania. The leu is subdivided into 100 bani. The name "leu" means "lion" in Romanian, and the symbol for the currency is "lei" (plural "lei"). The leu has been the currency of Romania since 1867 and it has undergone several changes over the years, including a revaluation in 2005 and a redenomination in July 1, 2005.The Central Bank of Romania, which is the country's central bank and financial regulator, is responsible for issuing and managing the leu. The bank also sets monetary policy and ensures the stability of the currency.In the past, Romania's currency has been affected by high inflation, which has led to frequent revaluations and redenominations of the leu. However, the country has made significant progress in controlling inflation in recent years and has adopted a floating exchange rate regime, which has helped to stabilize the value of the leu against other major currencies.As of 2021, the exchange rate of Romanian lei varies depending on the market and can fluctuate, however it is generally pegged to the Euro which is a common practice among EU-members to eventually adopt the Euro as a common currency.It's worth noting that Romania is a member of the European Union, but it has not yet adopted the euro as its official currency.
