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Monday, February 28, 2005

Romania to introduce "heavy leu" tommorow

Probably all of you in Romania heard about this, but some people ouside the country may not be up-to-date with the process.

Romania will change its currency by cutting-off four zeros of the current currency, the LEU. The new currency will be called the "heavy leu" and it should start being pushed into the economy from 1st of March (happy birthday, Ladies !)

The new currency should prepare the country for the currency conversion to EUR due in a couple of years, as we are preparing to joining the European Union.

Starting from tommorow, everybody should display the prices in both currencies and it should start phisically entering into circulation on 1st of July.

Looking forward to seeing how the transition goes and we'll keep you up-to-date.

Posted by Mihai : 2/28/2005 09:11:00 pm