Moldovan leu

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Image:Moldawischer-Leu-01.jpg The leu (ISO 4217 code MDL) is the national currency of Moldova. One leu (pl. lei) is subdivided into 100 bani (singular: ban).

Between 1918 and 1940 and again between 1941 and 1944, when Moldova was a province of Romania, the Romanian leu circulated in this area.

The Moldovan leu was established in 1993, following the creation of the independent state of Moldova. It replaced the cupon currency at a rate of 1 leu = 1000 cupon.

Coins consist of 1, 5, 10, 25bani of Aluminium and 50 bani of Aluminium-Bronze. A 50 bani, 1 and 5 Leu were issues in stainless still in 1993 but have been withdrawn from circulation. Banknotes are denominated in 1, 5, 10, 20, 50, 100, 500 and 1000 Leu.

The second "unofficial" currency in Moldova is therefore - USD, currently rating at 1 USD = 12,8 MDL (Jan.2006). After the creation of the European Union the third "unofficial" currency became EUR, currently rating at 1 EUR = 15,6 MDL (Jan.2006). These currency rates are strogly influenced by the political and economical instability of Moldova.

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