Gibraltar Pound in Romanian Leu

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.

RON Romanian Leu

Country of application:
Romania

Coin denominations in circulation:
1, 5, 10, 50 baths.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 200, 500 lei.

History reference:
The national currency of Romania as the official currency is the leu, otherwise called the Romanian new leu. The new leu is the fourth leu in a series of revaluation currencies since 1867. The new le...u replaced the old Romanian leu (currency symbol ROL) in July 2005 at a rate of 10,000 old lei for one new leu. The current version was used together with the previous leu from March 2005 to June 2006 during the conversion period. Throughout history, the leu has been pegged to currencies of other countries such as the German Reichsmark, the US dollar and the Russian ruble. While Romania is currently planning to adopt the euro as its main currency in 2024, the leu is not currently pegged to the euro.