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class="ecl-breadcrumb__segment ecl-breadcrumb__current-page" data-ecl-breadcrumb-item="static" aria-current="page"><span>Romania and the euro</span></li></ol></nav><div class="ecl-page-header__info"><h1 class="ecl-page-header__title"><span>Romania and the euro</span></h1></div><div class="ecl-page-header__description-container"><p class="ecl-page-header__description">Romania joined the European Union on 1 January 2007 and has committed to adopt the euro once it fulfils the necessary conditions. </p></div></div></div> </div> <main class="ecl-u-pb-xl" id="main-content" data-inpage-navigation-source-area="h2.ecl-u-type-heading-2, div.ecl-featured-item__heading"> <div class="ecl-container"> <div class="ecl-row"> <div class="ecl-col-s-12 ewcms-top-sidebar"> <div> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> <div class="ecl-row"> <div class="ecl-col-s-12"> <div id="block-ewcms-theme-main-page-content" data-inpage-navigation-source-area="h2, div.ecl-featured-item__heading" class="ecl-u-mb-l"> <article dir="ltr"> <div> <div class="ecl-u-mb-2xl"> <a id="paragraph_956"></a> <div class="ecl-row inpage-navigation-container"> <div class="ecl-col-l-3"> <nav class="ecl-inpage-navigation oe-theme-ecl-inpage-navigation ecl-u-z-dropdown" data-ecl-auto-init="InpageNavigation" data-ecl-auto-initialized="true" data-ecl-inpage-navigation="true" aria-labelledby="ecl-inpage-navigation-585431628" ><div class="ecl-inpage-navigation__title" id="ecl-inpage-navigation-585431628">Page contents</div><div class="ecl-inpage-navigation__body"><div class="ecl-inpage-navigation__trigger-wrapper"><button type="button" class="ecl-inpage-navigation__trigger" id="ecl-inpage-navigation-585431628-trigger" data-ecl-inpage-navigation-trigger="true" aria-controls="ecl-inpage-navigation-list" aria-expanded="false"><span class="ecl-inpage-navigation__trigger-current" data-ecl-inpage-navigation-trigger-current="true">Page contents</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-inpage-navigation__trigger-icon" focusable="false" aria-hidden="false" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></button></div><ul class="ecl-inpage-navigation__list" data-ecl-inpage-navigation-list="true" id="ecl-inpage-navigation-585431628-list"></ul></div></nav> </div> <div class="ecl-col-l-9" data-inpage-navigation-source-area="h2, div.ecl-featured-item__heading"> <div> <a id="paragraph_229"></a> <div> <div class="ecl"><h2 id="status">Status</h2> <p>Romania is not yet a member of the euro area. The leu has not yet joined the Exchange Rate Mechanism (ERM II).</p> <h2 id="exchange">Exchange rate</h2> <p>The current euro to leu foreign exchange reference rate can be consulted on the website of the <a href="http://www.ecb.int/stats/exchange/eurofxref/html/index.en.html" class="ecl-link ecl-link--icon ecl-link--icon-after"><span class="ecl-link__label">European Central Bank</span><svg class="ecl-icon ecl-icon--xs ecl-link__icon" focusable="false" aria-hidden="true" xmlns:xlink="http://www.w3.org/1999/xlink"><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#external" /></svg></a> (updated daily).</p> <h2 id="adoption">Adoption of the euro</h2> <p>Romania has set 2024 as its target year to adopt the euro.</p> <h2 id="institutions">Institutions</h2> <ul> <li><a href="http://www.bnro.ro/" class="ecl-link ecl-link--icon ecl-link--icon-after"><span class="ecl-link__label">Banca Naţională a României</span><svg class="ecl-icon ecl-icon--xs ecl-link__icon" focusable="false" aria-hidden="true" xmlns:xlink="http://www.w3.org/1999/xlink"><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#external" /></svg></a> (National Bank of Romania, also in English)</li> <li><a href="http://www.mfinante.ro/" class="ecl-link ecl-link--icon ecl-link--icon-after"><span class="ecl-link__label">Ministerul Economiei şi Finanţelor</span><svg class="ecl-icon ecl-icon--xs ecl-link__icon" focusable="false" aria-hidden="true" xmlns:xlink="http://www.w3.org/1999/xlink"><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#external" /></svg></a> (Romanian Ministry of Public Finance)</li> <li><a href="http://www.guv.ro/" class="ecl-link ecl-link--icon ecl-link--icon-after"><span class="ecl-link__label">Guvernul României</span><svg class="ecl-icon ecl-icon--xs ecl-link__icon" focusable="false" aria-hidden="true" xmlns:xlink="http://www.w3.org/1999/xlink"><use 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