- Romania and the euro
The leu is not yet part of
ERM II . The Romanian government has announced plans to join the eurozone by 2014. The plan also stipulates to adhere to the ERM-II no sooner than 2012. [ cite web| url = http://www.guv.ro/presa/afis-doc.php?idpresa=52777&idrubricapresa=1&idrubricaprimm=&idtema=&tip=&pag=&dr=
title = "Guvernul a aprobat Programul de convergenţă" (The Government of Romania approves Convergence Plan)| date =2007-01-24
accessdate = 2007-01-25| publisher = Press release of the Romanian Government| language = Romanian] The president of the ECB said in June 2007, that "Romania has a lot of homework to do ... over a number of years" before joining ERM II. [cite news |title=ECB: Introductory statement with Q&A|url=http://www.ecb.int/press/pressconf/2007/html/is070606.en.html |publisher=ECB |date=2007-06-06 |accessdate=2007-07-21 |language=English ]To simplify future adjustments to ATMs at the adoption of the euro, when the Romanian new leu was adopted in 2005 (at 10,000 old lei to 1 new leu) the new banknotes were issued to the same physical proportions as euro banknotes. The old leu notes were a little wider than the new notes.
Romanian euro coins have not yet been designed. Romanian law requires that the coat of arms of the country be used on coin designs. [
Chamber of Deputies of Romania , [http://www.cdep.ro/pls/legis/legis_pck.htp_act_text?idt=13190 Law No. 102/September 21, 1992 regarding the Country Coat of Arms and the State Seal] , Article 4] The European currency is called in Romanian "euro" [IPA|'eˑuro] and its subunit "eurocent" [IPA|'eˑurotʃ'ent] .References
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