Code MDL Plural lei | 1/100 ban ban bani | |
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Banknotes 1, 5, 10, 20, 50, 100, 200, 500, 1000 lei Coins 1, 5, 10, 25, 50 bani, 1 leu, 5 lei. | ||
The leu (ISO 4217 code MDL) is the currency of Moldova. Like the Romanian leu, the Moldovan leu (pl. lei) is subdivided into 100 bani (singular: ban). The name of the currency originates in Romania and means "lion".
Contents
History
Between 1918 and 1940 and again between 1941 and 1944, when Moldova was part of Romania, the Romanian leu was used in what was then the eastern part of the broader Romanian region of Moldavia (Moldova in Romanian). The Moldovan leu was established on 29 November 1993, following the collapse of the Soviet Union and the creation of the independent republic of Moldova. It replaced the temporary cupon currency at a rate of 1 leu = 1000 cupon.
In Transnistria, an unrecognized state claimed in whole by Moldova, the Transnistrian ruble is used instead. The currency is not honoured by Moldova or any other state.
Coins
In November 1993 coins of 1, 5, 10, 25 and 50 bani in aluminium as well as nickel-plated-steel 1 and 5 leu coins were put in circulation.
The aluminium 50 bani,nickel-plated-steel 1 and 5 leu coins were later withdrawn from circulation. Starting January 1998 the aluminium 50 bani was replaced by one constructed of brass-clad steel. No new 1- and 5 leu coins have been issued. 1-Ban coins were last minted in 2006. They remain legal tender, but are rarely seen in circulation, effectively leading to "Swedish rounding".
Since 1996 several commemorative coins for collectors have been issued. A complete listing can be found here.