Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. The launch into circulation of the banknote with...

The launch into circulation of the banknote with face value of lei 20

December 23, 2021

  As of 1 December 2021, the National Bank of Romania will put into circulation a banknote with face value of lei 20. The new banknote will be presented to the public in a press conference Friday, 26 November 2021, at 12:00 p.m. by the Governor of the National Bank of Romania, Mr. Mugur Isarescu.   It is the first legal tender banknote which features a female personality: Ecaterina Teodoroiu. This responds to the legitimate public interest, which has been largely supported by the society, and helps strengthen gender equality and the major role of female personalities in Romanian history and society.   The banknote with a face value of lei 20 is printed on polymer substrate, with a mix of flat and raised printing technique, 136 x 77 mm in size and with the predominant colour olive green.   The obverse of the banknote shows the following representative graphical elements: the portrait of Ecaterina Teodoroiu, her birth and death years (1894-1917), a floral element depicting a bouquet of crocuses (Crocus flavus). In the background, the central area features a badge of the Romanian Scouts. The obverse also includes: the face value in figures and letters, “20 LEI DOUAZECI” printed horizontally, the signatures of the Governor and the Chief Cashier, the coat of arms of Romania, the name of the issuing central bank “BANCA NATIONALA A ROMANIEI”, a stylised depiction of the infantry insignia, the NBR logo in a medallion, and, on the right, vertically, the face value in letters “DOUAZECI LEI”, the circulation date “1 decembrie 2021”, the face value in figures “20”.   The reverse of the banknote features a graphic composition showing: a depiction of the winged figure of Victory on the Victory Medal, an image of the M?r??e?ti Mausoleum and, behind the Mausoleum, a lily flower. The reverse also includes: the face value in letters and figures, the name of the issuing central bank “BANCA NATIONALA A ROMANIEI”, the NBR logo printed at the top right and bottom left in a rectangle, the text “FALSIFICAREA ACESTOR BILETE SE PEDEPSESTE CONFORM LEGILOR” (Forgery is punished according to the law), the serial number printed in black ink with same-size fonts on the left side, vertically, and in red ink, with fonts of ascending height on the top right side, horizontally.   To protect against forgery, the banknote includes a series of security features, some for the public, others traceable only when using special equipment, intended for employees in the banking system.    The banknote with a face value of lei 20 will be put into circulation through the regional branches of the National Bank of Romania in Bucharest, Cluj-Napoca, Constan?a, Craiova, Ia?i and Timi?oara, when making cash payments to credit institutions/the State Treasury.   * * *   Also, as of 1 December 2021, the NBR will put into circulation for numismatic purposes the polymer replica of the first lei 20 banknote issued by the National Bank of Romania in 1881.   This numismatic issue has 30,000 banknotes.   The selling price of the polymer replica of the first lei 20 banknote issued by the National Bank of Romania in 1881 is lei 100.00, VAT excluded, including the presentation leaflet.   The polymer replica of the first lei 20 banknote issued by the National Bank of Romania in 1881 will be put into circulation, for numismatic purposes, through the regional branches of the National Bank of Romania in Bucharest, Cluj-Napoca, Constanta, Craiova, Iasi and Timisoara.   Information on how to purchase the replica of the first lei 20 banknote issued by the National Bank of Romania in 1881 will be found on the National Bank of Romania’s website.

Read in full - click here
Romanian retailer La Cocoş surpasses RON 1 bln turnover in 2024

Romanian retail chain La Cocoş recorded a turnover of RON 1.18 billion (EUR 237 million) in 2024, marking a 20.7% y/y increase and becoming the first domestically owned retailer to exceed the RON 1 billion benchmark, according to Ziarul Financiar. Founded in 2014 by entrepreneur Iulian Nica, La Cocoş...

ING affirms yearend projection for Romania's currency at RON 5.1 to EUR

Even though Romania's currency, RON (leu), has depreciated relatively steeply in the past weeks, compared to historic low volatility, ING Romania maintains its exchange rate forecast for this year and argues that the national currency could recover from recent losses.  "However, it is important to look at the bigger picture: financial markets can often have […]

Romania's industry shrinks by 4.2% y/y in Q1

Romania's industrial production index contracted by 4.2% y/y in Q1 and neared the lowest level in the past three years, according to the statistics office INS. The seasonal and workday-adjusted index (-0.4% q/q) has followed a visible downward trend after the post-Covid recovery in 2021 and 2022.  The seasonal and workday-adjusted index in Q1 was […]

Net FDI to Romania down 29% y/y to 1.4% of GDP in 12 months to March

The net foreign direct investments to Romania contracted by 29% y/y to EUR 4.87 billion in 12 months to March 2025, after a 33% y/y contraction (to EUR 1.67 billion) in Q1, according to data published by the National Bank of Romania (BNR).  The net foreign direct investments accounted for only 1.4% of the GDP […]

Romania’s CA deficit up 50% y/y to 9.3% of GDP in 12 months to March

Romania’s current account (CA) deficit rose by 50% to EUR 33.0 billion in 12 months to March 2025, after a sharp 82% y/y surge (to EUR 7.7 billion) in Q1, according to data published by the National Bank of Romania (BNR).  The CA gap reached 9.3% of GDP (based on the latest available 4-quarter GDP […]

Romania's public deficit exceeds 2.9% of GDP in January-April

Romania's general government budget deficit hit 2.94% of GDP in January-April (RON 56.2 billion, or EUR 11 billion), up from 2.3% of GDP in Q1, according to Ziarul Financiar and