Located in the south-eastern part of Central Europe, Romania is a European Union country and one of the poorest countries in terms of economy in the Union. Although the Romanian leu is used as the official currency in the country, the New Romanian leu crossing was realized by discarding 4 zeros on 1 July 2015. Although the country is a member of the European Union, the Euro is not the current currency because it is not located in the Euro zone. So, what is the currency of Romania? Is the Romanian official currency the Euro?
[irp posts=”481″ name=”Serbian Minimum Wage, Economy and Serbian Dinar”] Romanian Official Currency
Although it is a member of the European Union with Bucharest as its capital, the official currency of Romania is not the Euro. The official currency of Romania is the Roman Lei. The use of the Romanian Leu dates back to 1877. Roman Leyi was used until 2005, when 4 zeros were dropped from Ley on July 1, 2005 and its name was changed to New Roman Lei. The Romanian Leyi is written in Romanian as “Leu românesc”. Abbreviation of Romanian Leu ( Symbol )
Although the New Romanian Leu is still used from 2005 onwards, its former abbreviation was ROL. After the transition to the new Romanian Leon, it was changed to RON. The international abbreviation of the Roma Paper printed in the Romanian national bank is 946. Its symbol is ‘lei’. Is Euro Used in Romania?
Despite joining the European Union in 2007, the country still uses the country’s official currency, the new Romanian Leu. Even if the necessary steps were taken by the state to ensure the transition to the Euro between 2010 and 2012, the Romanian Leu has not been completely abolished and continues to be used.
The subunit of the Romanian Leu, called ‘Ban’, can be called the penny for the Turkish Lira. 100 bans are equal to 1 Romanian leu. Romanian Money Banknotes
The Romanian Leu banknotes are as follows:
- 1Romanian Leu
- 5 Romanian Leu (lei)
- 10 Romanian Leu (lei)
- 50 Romanian Leu (lei)
- 100 Romanian Leu (lei)
- 200 Romanian Leu (lei)
- 500 Romanian Leu (lei)
[ilgili_yazi id=”314″] Romanian Leu Coins
The coins of the Romanian Leu are as follows:
- 1 ban
- 5 bani
- 10 bani
- 50 bani
Romanian Leu and Euro
According to the current exchange rates, 1 Romanian leu corresponds to 0,21 Euro. Romania is a member of the European Union but does not use euros. Because Romania has to meet certain conditions in order to switch to the euro. According to the agreement signed with the European Union, Romania has been given a commitment to switch to the Euro if it fulfills the desired conditions. Romania’s transition to the euro is forecast to take place at the end of 2020. Romanian Leu and Dollar
According to current exchange rates, 1 Romanian Leu corresponds to 0.2379 US Dollars. Romanian Leu and Turkish Lira
According to the current exchange rates, 1 Romanian Leu corresponds to 1.27 Turkish Liras. If you are going to travel to Romania, it will be useful to take some Romanian Leyi with you. When you buy a Romanian Le, you can find out how much Romanian Leyi can be bought for how much Romanian Leyi by using the Romanian Leyi calculation pages. What is the Minimum Wage in Romania?
Romania, the poorest country in the European Union, has a minimum wage of around 408 euros. The average national income per person is 12 thousand dollars.
[irp posts=”283″ name=”What is the Minimum Wage in Switzerland? What Are the Working Conditions Like?”] Romania Minimum Wage 2019
The minimum wage fees calculated on the Romanian leu, which has been used since 1952, are calculated as 2080 Romanian lei for high school and below school graduates and 2350 Romanian leu for university graduates. These figures have been obtained with the latest updates made in November 2018. Current Minimum Wage Rates in Romania
From an economic point of view, 1 Euro in the country is seen as 4.75 Romanian lei and 1 TL as 0.78 Romanian leu in 2019. So in this case, the minimum wage varies between 437.87 and 494.71 euros in the final calculations. These figures in Turkish Lira terms; It varies according to graduation conditions in the range of 2677-3025 TL.
Although there are salary opportunities at higher conditions than in Turkey, employees are constantly supported by their employers because living in Romania is seen as more expensive than the minimum wage. For many years, there have been regular increases on the minimum wage in the country. Thanks to these increases, the minimum wage, which was 310 Euros in 2017, increased to a figure of 437 Euros in 2019. Living Costs in Romania
In Romania, the daily working hours are often set at 8 hours, but by law they are not exceeded 48 hours. If you work 12 hours in a day, you can work from the age of 16 while at least 24 hours of rest time is provided.
Considering the minimum wage living conditions in Romania; a one-bedroom city center apartment shows a figure of about 1200 Romanian lei. Rents reach up to 1800 Romanian lei per person in growing houses, while food costs average 300 Romanian lei per person per month in the country. For a family of 4 people in the country, it is possible to live with an average expense of 2000-3000 Romanian lei per month.