The official currency of Romania is the New Leu (code RON; plural Lei), divided into 100 bani. Notes come in denominations of 500, 100, 50, 10, 5 and 1 lei. Coins are in denominations of 50, 10, 5 and 1 bani.
Note that the new leu replaced the old leu in 2005 (at a rate of 1:10,000) and currently old notes and coins are no longer a legal tender; they can still be exchanged in banks though.
Foreign Currency Exchange
Foreign currencies can be exchanged at banks, larger hotels and airports and at authorised exchange offices (Birou de Schimb Valutar). The exchange rates can vary significantly from place to place so it is recommended to shop around, but typically the rates at the airports are the worst, so travelers should avoid changing large amounts of money there. Exchange offices are required to display a sign with the commission they charge, so look for the sign stating no commission. The easiest currency to exchange is the euro.
Often you will be required to show passport when exchanging money. It is recommended to keep the receipt from the exchange.
It is strongly recommended not to exchange money on the street. By doing so you're at high risk of being ripped off or robbed (and you're breaking the law, since it's illegal).
Automated Teller Machines (ATMs; bancomat) are widely available and can be found in main banks, airports and shopping centers, some post offices, and usually work 24/7. The ATMs in Romania operate on international networks, such as Cirrus and Puls, and foreign visitors can withdraw cash using their credit or debit cards (Visa, MasterCard, Eurocard).
Romania is mostly a 'cash country' and credit cards are not widely accepted. MasterCard and Visa are accepted by large hotels, large restaurants, some shops or supermarkets, most car rental agencies and gas stations. American Express and Diners Club are less common.
Some banks will give a cash advance on the credit card.
Usage of traveler's checks is not common in Romania. The checks are only useful to exchange for cash at banks and some exchange offices or for payment in some hotels. Best rates are given for checks in euros or US dollars.
Typically banks are open from 9:00am to 1:00pm, Monday to Friday.
Current Romania New Lei - Rates
For other currencies or conversion amounts go to Currency Converter