10 Lei (National Bank of Romania) – Romania
Non-circulating coins
Commemoration: 135 years since the establishment of the National Bank of Romania
Romania
Context
Material
Diameter: 37 mm
Weight: 31.1 g
Silver weight: 31.07 g
Shape: Round
Composition: 99.9% Silver
Standard: Silver ounce
Magnetic: No
Technique: Milled
Alignment: Medal alignment
flip
References
KM: #Click to copy to clipboard348
Numista: #75823
Value
Exchange value: 10 RON = $2.32
Bullion value: $90.27
Inflation-adjusted value: 15.33 RON
Obverse
Description:
A vintage image of the Old Palace of the National Bank of Romania with the Eugeniu Carada statue, featuring an arched "ROMANIA" inscription, the Romanian coat of arms, face value "10 LEI", and issue year "2015".
Inscription:
ROMANIA
10 LEI
2015
10 LEI
2015
Script: Latin
Reverse
Description:
The Council Chamber in the Old Palace of the National Bank of Romania, featuring a portrait of King Carol I and the arched inscriptions "BANCA NATIONALA A ROMANIEI", "135 ANI", and "Carol I".
Inscription:
BANCA NATIONALA A ROMANIEI
135 ANI
Carol I
135 ANI
Carol I
Translation:
NATIONAL BANK OF ROMANIA
135 YEARS
Carol I
135 YEARS
Carol I
Script: Latin
Language: Romanian
Edge
Milled
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2015 | — | 250 | Proof |
Historical background
In 2015, Romania's currency situation was characterized by a period of relative stability and cautious optimism for the Romanian Leu (RON), following a period of significant volatility. The National Bank of Romania (NBR) maintained a managed float regime, actively intervening in the foreign exchange market to smooth out excessive fluctuations without targeting a specific exchange rate. This approach was largely successful, with the EUR/RON exchange rate remaining within a relatively narrow band, typically between 4.4 and 4.5 lei per euro for much of the year. This stability was underpinned by strong macroeconomic fundamentals, including robust GDP growth (one of the highest in the EU), falling inflation, and a narrowing current account deficit.
Key factors supporting the leu included a series of proactive interest rate cuts by the NBR, which aimed to stimulate lending and economic growth while keeping inflation in check. Furthermore, Romania's successful conclusion of a precautionary standby agreement with the International Monetary Fund (IMF) in September 2015 bolstered investor confidence. This agreement, though not requiring immediate drawdown of funds, served as a policy anchor and a safety net, reassuring markets of the country's fiscal discipline and economic management. Inflows of European Union funds also provided structural support for the currency.
However, the stability was not without underlying pressures and vulnerabilities. Political instability, including a high-profile corruption scandal and a nightclub fire that led to mass protests and a government resignation, periodically rattled investor sentiment. Externally, the lingering effects of the Eurozone debt crisis and uncertainty surrounding global monetary policy, particularly the U.S. Federal Reserve's moves, created a cautious environment. Consequently, while the leu ended 2015 stronger than it began against the euro, the NBR remained vigilant, ready to use its reserves to counteract any speculative attacks or sudden capital outflows, ensuring the currency's resilience in a fragile global context.
Key factors supporting the leu included a series of proactive interest rate cuts by the NBR, which aimed to stimulate lending and economic growth while keeping inflation in check. Furthermore, Romania's successful conclusion of a precautionary standby agreement with the International Monetary Fund (IMF) in September 2015 bolstered investor confidence. This agreement, though not requiring immediate drawdown of funds, served as a policy anchor and a safety net, reassuring markets of the country's fiscal discipline and economic management. Inflows of European Union funds also provided structural support for the currency.
However, the stability was not without underlying pressures and vulnerabilities. Political instability, including a high-profile corruption scandal and a nightclub fire that led to mass protests and a government resignation, periodically rattled investor sentiment. Externally, the lingering effects of the Eurozone debt crisis and uncertainty surrounding global monetary policy, particularly the U.S. Federal Reserve's moves, created a cautious environment. Consequently, while the leu ended 2015 stronger than it began against the euro, the NBR remained vigilant, ready to use its reserves to counteract any speculative attacks or sudden capital outflows, ensuring the currency's resilience in a fragile global context.
✨ Legendary