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NZD ( RON)
New Zealand dollar ( New Romanian leu)

NZD - RON - Cursul.EU - Currency Exchange Rates - EUR / RON / USD - Curs Schimb Valutar, New Romanian leu, New Zealand dollar

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Currency EUR USD JPY BGN CYP CZK DKK EEK GBP HUF LTL LVL MTL PLN ROL RON SEK SIT SKK CHF ISK NOK HRK RUB TRL TRY AUD BRL CAD CNY HKD IDR KRW MXN MYR NZD PHP SGD THB ZAR
Reference EUR USD JPY BGN CYP CZK DKK EEK GBP HUF LTL LVL MTL PLN ROL RON SEK SIT SKK CHF ISK NOK HRK RUB TRL TRY AUD BRL CAD CNY HKD IDR KRW MXN MYR NZD PHP SGD THB ZAR

New Zealand dollar New Romanian leu
The New Zealand dollar (sign: $; code: NZD) is the currency of New Zealand. It also circulates in the Cook Islands (see also Cook Islands dollar), Niue, Tokelau, and the Pitcairn Islands. The New Zealand Dollar is divided into 100 cents.

It is normally written with the dollar sign $, or alternatively NZ$ to distinguish it from other dollar-denominated currencies. It is often informally known as the "Kiwi (dollar)", from the word Kiwi typically being associated with New Zealand, and the fact the $1 coin depics a kiwi. It is one of the 16 most-traded currencies in the world.

On 11 June 2007, the Reserve Bank sold an unidentified amount of New Zealand dollars in an attempt to drive down its value. This is the first intervention in the markets by the Bank since the float in 1985. Two suspected interventions followed, however they were not as successful as the first: the first appeared to be initially effective: the dollar dropped to approximately 0.7490 U.S. dollars from near 0.7620 U.S. dollars. Within a little more than a month, however, it had risen to new post-float highs; reaching 0.8103 U.S. dollars on the 23 July 2007.

In 1990, aluminium-bronze 1 and 2 dollar coins were introduced to replace existing $1 and $2 notes. In 1999, Ian Rank-Broadley's portrait of the Queen was introduced and the legend rearranged to read NEW ZEALAND ELIZABETH II.

On 11 November 2004, the Reserve Bank announced that it proposed to take the 5¢ coin out of circulation and to make the existing 50, 20 and 10 cent coins smaller and use plated steel to make them lighter. After a three-month public submission period that ended on 4 February 2005, the Reserve Bank announced on 31 March it would go ahead with the proposed changes. The changeover period started on 31 July 2006, with the old coins usable up until 31 October 2006. The older 50, 20, 10 and 5 cent pieces are now no longer legal tender, but are still redeemable at the Reserve Bank. Prior to the change over, these coins were similar, save for the legend and reverse artwork, to international (mainly Commonwealth) coins of the same British-derived sizes, which led to coins from other currencies, particularly older coins, being accepted by vending machines and many retailers.

With the breakdown of the Bretton Woods system in 1971, both Australia and NZ converted the mostly-fixed foreign exchange regimes to a moving peg against the U.S. dollar.

In September 1974, Australia moved to a peg against a basket of currencies called the trade weighted index (TWI) in an effort to reduce fluctuations associated with its peg to the U.S. dollar.

The peg to the TWI was changed to a moving peg in November 1976, causing the actual value of the peg to be periodically adjusted.
The leu ([lew], plural: lei [lej]; ISO 4217 code RON; numeric code 946) is the currency of Romania. It is subdivided into 100 bani (singular: ban). On 1 July 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON). 1 RON is equal to 10,000 ROL.

Romania joined the European Union on 1 January 2007 and it is expected to adopt the euro in 2014.

On August 15, 1947, a revaluation took place, with a new leu replacing the old one at a rate of 20,000 old lei = 1 new leu. This revaluation, called a monetary reform or stabilisation measure (mica stabilizare, marea stabilizare), was carried out by the Communist authorities with absolutely no advance warning and without the possibility to exchange more than a fixed amount of money for the new currency. This was done in order to depose the former middle and upper classes of their last assets, after nationalization, to prepare for collectivization and to finalize the installation of communism. At the time of its introduction, 150 new lei equalled 1 U.S. dollar.

In the 1990s, after the downfall of communism, inflation ran high due to reform failures, the legalization of owning foreign currency in 1990, and the bankrupt policies of the former communist era, reaching rates as high as 300% per year in 1993. By September 2003, one euro was exchanged for more than 40,000 lei, this being its peak value. Following a number of successful monetary policies in the late 1990s and early 2000s, the situation became gradually more stable, with one digit inflation in 2005.

The Romanian leu briefly held the dubious distinction of being the world's least valued currency unit, from January (when the Turkish lira dropped six zeros) to July 2005. However, the 1,000,000 lei bill was not the highest Romanian denomination ever. This distinction belongs to the 5 million lei bill from 1947.

On 1 July 2005, the leu was revalued at the rate of 10,000 "old" lei (ROL) for one "new" leu (RON), thus psychologically bringing the purchasing power of the leu back in line with those of other major Western currencies. The term chosen for the action was "denominare", similar to the English "denomination", to signify not a conversion, but rather a total reinvention.

The first day brought difficulties adjusting to the new paper currencies and closed ATMs (that needed reprogramming) and forcing a new calculation habit that slowed down shops and annoyed some salespeople and shoppers. The old ROL currency banknotes remained in circulation until December 31, 2006 (coins remained in circulation only until December 31, 2005), but all accounts have been converted starting July 1, 2005. There is no conversion time limit between the currencies. Retailers had to display prices in both old and new currency from March 1, 2005 until June 30, 2006. The appreciation of the leu during 2005 was about 20% against a basket of major currencies.

As of 2006, the revaluation is a potential source of confusion, especially to visitors, since both old and new currency values are commonly quoted. When written, the very large amounts in old currency are usually obvious, but in speaking inhabitants might refer to an amount of 5 new lei as simply "fifty" in reference to its value 50,000 old lei.

In 1952, coins were introduced in denominations of 1, 3, 5, 10 and 25 bani, with the 1, 3 and 5 struck in aluminium bronze and the others in cupro-nickel. In 1955, cupro-nickel 50 bani were added.

In 1960, a new coinage was introduced, consisting of 15 and 25 bani, with 5 bani, 1 and 3 lei coins added in 1963. All were struck in nickel-clad steel. In 1975, aluminium replaced steel in the 5 and 15 bani, with the same change happening for the 25 bani in 1982. Aluminium 5 lei were introduced in 1978.

Following the end of the communist regime, a new coinage was introduced between 1990 and 1992, consisting of 1 leu in bronze clad steel, 5 and 10 lei in nickel plated steel, 20 and 50 lei in brass clad steel and nickel plated steel 100 lei.

As inflation took its toll, 500, 1000 and 5000 lei coins were introduced in 1999, 2000 and 2001, respectively, and were the only coins circulating when the revaluation occurred. They were all criticized for being clumsy and difficult to use. The 500 lei coins were very thick (about 0.3 cm). Despite their small value, it took only a handful of such coins to fill one's pocket. They were also made of poor material and could be occasionally found with bite marks. The 1000 lei coin was considered too small and was also cheaply made, and the 5000 lei coin was not circular (it was a dodecagon). This made it awkward to handle and difficult to use in slot machines, where it was frequently the only coin accepted. The 500, 1000 and 5000 lei coins became worth 5, 10 and 50 bani with the revaluation.

In 1952, the Ministry of Finance introduced notes for 1, 3 and 5 lei, and the Banca Republicii Populare Romane introduced 10, 25 and 100 lei notes. In 1966, the Banca Nationala a Republicii Socialiste Romania took over the production of all paper money, issuing notes for 1, 3, 5, 10, 25, 50 and 100 lei.

In 1991, 500 and 1000 lei notes were introduced, followed by 200 and 5000 lei notes in 1992, 10,000 lei in 1994, 50,000 lei in 1996, 100,000 lei in 1998, 500,000 lei in 2000 and 1 million lei in 2003. There was also a 2000 lei note, introduced in 1999; it celebrated the total solar eclipse that occurred on August 11th, 1999. The final issues of the 2000, 10,000, 50,000, 100,000, 500,000 and 1 million lei were polymer notes.

Notes in circulation at the revaluation were:

* 10,000 lei (became 1 leu)
* 50,000 lei (became 5 lei)
* 100,000 lei (became 10 lei)
* 500,000 lei (became 50 lei)
* 1,000,000 lei (became 100 lei)

In 2005, polymer notes were introduced for 1, 5, 10, 50, 100 and 500 lei. 200 lei notes were added in 2006. The designs of the 1, 5, 10, 50 and 100 lei notes are based on those of the earlier 10,000, 50,000, 100,000, 500,000 and 1 million lei notes which they replaced. The 10 lei bill was redesigned in November 2008 (most of the graphic elements are identical, some of the safety elements were withdrawn, making its safety degree similar the the lower values of 1 leu and 5 lei bills).

Common typos for 'New Zealand dollar': new z4alnad dollar, nsw zealand dollar, new zsalanddollar, new zeal and dolllar, enw zealand dlolar, new ze aland dollar, new zealand -dollar, newz eaaland dollar, new zealad dollar, new zealnad dollar, ew zealand dollar, new z ealand dollar, nw zealand -dollar, new zeaand dollar, new ze-ala nd dollar, nnwe zealand dollar, new zealand dllar, new zealand doll- ar, new zealan d dollar, new- zealand d ollar, new zealand d ol lar, ew zealand ddollar, new zealland dollar, new zeland dollar, new zeakand dollar, new z-ealand dollar, nw zealand dollar, new zeaaland dollar, new zealanr sollar, hew zealahd dollar, new zeaalnd dollar, n4w zealand dollar, new zealnd dollar, new zealand d ollar, new zaeland- dollar, jew zealand dollar, new z ealand dolar, new zealand dolla-r, new zealane d-ollar, new zealand ddollar, ne w zealland dollar, meww zealand dollar, ne-w zealand dollar, neq zealand dollar, new zea land dollar, new zealahd dollar, new z ealand doolar, new zealand dol lar, new zealand do plar, new z-ea-land dollar, new zealand do llar, new -zealand dollar, new zealand dolla r, new zealand ddlolar. More New Zealand dollar Typos...

Common typos for 'New Romanian leu': new ormanan leu, new romaniaan -leu, new ro-mainan leu, new romania-n leu, new romani na leu, new roma niann leu, n4w romanian leeu, new romanin leu, new romanian -leu, new romanian peu, new ro-manian leu, new romanian le-u, new roman ian leu, new 4omaniann leu, new romanian -eu, ne w rommanian leu, neew romanian leu, ne w romaniann leu, enw romanian leu, newromani-an leu, new -romanian leu, new roma-nian oeu, new romanan le u, n-ew romanian leu, newr -omanian leu, new romaniann leu, new romanian leuu, new romanian le u, new romaina nleu, new rma nian leu, new ormanian leu, new roanian l eu, new romania n keu, new rom anian leu, new romanina leuu, new roanian leu, new romannan leu, new romaian leu, new rojanian oeu, ne2 romanian leu, new romnian leu, new romanianlleu, new rromsnian leu, new romaniaan leu, new omanian leu, n ew romanian leu, new ro mania n leu, new moanian leu, new romaani an leu, new rom-anian leu, new romanian leeu, new- romainan leu, new rkmanian- leu. More New Romanian leu Typos...

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