Time Period: 1920-1944

Timeline

  • 27.02.1919
  • Ordinance on overprinting the circulating paper money of the Austro-Hungarian Bank in Bucovina and Transylvania; effective immediately:
    - Implemented 16.06. - 15.07.1919 (Bucovina) and 16.06. - 20.07.1919 Transylvania).
  • 12.08.1920
  • Ordinance on the demonetization of all foreign currencies in the newly acquired territory; effective ??.??.1920:
    - Bucovina and Transylvania: exchange rate: 1 Romanian Leu = 2 Austro-Hungarian Crowns (overprinted)
    - Bessarabia: exchange rate: 1 Romanian Leu = 1 "Romanov" Ruble (08.10.1920: 1.35 "Romanov"-Rubles) = 0.3 "Lemberg" Ruble; per person a maximum amount of 5'000 Rubles was converted, exceeding cash amounts were invalidated.
  • ??.07.1941
  • Issuance of paper money in Romanian currency for occupied Bessarabia and Transnistria in the name of the state-owned "Institute for External Funding (Institutul de Finanțare Externa, INFINEX)":
    - Unclear if Soviet currency was exchanged, the cross-rate would have been 6 Romanian Lei = 1 Soviet Ruble.
  • ??.02.1944
  • Re-conquest of Transnistria and Bessarabia (and subsequent occupation of Romania) by the Red Army:
    - Unclear if Romanian currency was exchanged in Transnistria and Bessarabia, during the occupation of Romania a rate of 100 Romanian Lei = 1 Soviet Ruble was applied.


Time Period: 1992-1993

Currency: Moldovan Coupon (Moldovan Ruble)


Timeline

  • 11.06.1991
  • Law [No. 599-XII] on the establishment of the Moldovan National Bank and creation of the Moldovan Leu as national currency; effective 24.07.1991 upon constitution of the bank, the currency was not introduced at this time
  • 02.06.1992
  • Government resolution [No. HG371] on the issuance of multiple-use coupons for circulation in parallel and at par with Soviet and Russian currency; effective 10.06.1992
  • 09.08.1993
  • Demonetization of the Soviet and Russian currency, the Coupon becomes sole legal tender

Valuation Regimes

  • 1992-1993
  • Fixed rate against Russian Ruble (1992); possibly a variable rate after 09.08.1993

Rate Arrangements

  • 10.06.1992
  • Fixed
  • Russian Ruble (1992) at 1 : 1
  • ±0.0%
  • 09.08.1993
  • Fixed
  • Russian Ruble (1992) at 1 : 1.30 (?)
  • -23.1%


Time Period: 1993-

Currency: Moldovan Leu


Timeline

  • 15.12.1992
  • Law [No. 1232-XII] on the introduction of the Leu as national currency; effective 29.11.1993
  • 29.11.1993
  • Start of currency exchange:
    - 29.11.1993: Start of issuance of the new banknotes and coins
    - 02.12.1993: Demonetization of the provisional currency.

Valuation Regimes

  • 1993-
  • Variable rate

Rate Arrangements

  • 29.11.1993
  • Variable
  • initially: US Dollar at 1 : 3.65
  • -56.8%


End-year Forex Rates (Units per US Dollar)