Romania and the euro

Romania's current national currency is the leu. However, being bound by its EU accession agreement, Romania has to replace the leu with the euro, as soon as Romania will fulfil all of the four nominal euro convergence criteria as states in the Treaty of Functioning the European Union in article 140. At the moment, the only currency on the market is leu, euro is not yet used in shops. The Romanian leu is not part of the European Exchange Rate Mechanism (ERM II), although the Romanian authorities are working to prepare the changeover to the euro. In order to achieve the change of the currency, Romania is required to undergo at least two years of stability within the limits of the convergence criteria. The current Romanian Government in addition established a self-imposed criterion to reach a

Romania and the euro

Romania's current national currency is the leu. However, being bound by its EU accession agreement, Romania has to replace the leu with the euro, as soon as Romania will fulfil all of the four nominal euro convergence criteria as states in the Treaty of Functioning the European Union in article 140. At the moment, the only currency on the market is leu, euro is not yet used in shops. The Romanian leu is not part of the European Exchange Rate Mechanism (ERM II), although the Romanian authorities are working to prepare the changeover to the euro. In order to achieve the change of the currency, Romania is required to undergo at least two years of stability within the limits of the convergence criteria. The current Romanian Government in addition established a self-imposed criterion to reach a