Romanian Currency
Romanian Currency
The official currency in Bucharest is the Leu (plural Lei), symbolised by RON.
Romania is planning to join the Eurozone eventually, but there's no confirmed date yet.
The Leu banknotes are similar in size to euro banknotes in preparation for this switch.
Banknote denominations are 1, 5, 10, 50, 100 , 200 and 500 Lei.
Coin denominations are 1, 5, 10 and 50 bani coins (1 Leu = 100 bani).
100 Lei is approximately 20 euros or 22 US dollars.
While cards are increasingly accepted, especially in tourist areas, it's still recommended to carry some RON for taxis, street vendors and small purchases.
Here are some travel hacks:
Skip the money changers on the street. Stick to established businesses with clear signage and licences.
At banks and large currency exchange companies, you may get a better exchange rate.
Before your trip, let your bank know you'll be using your card abroad to avoid them freezing your account for suspicious activity.
If you are stuck in Bucharest on holidays when everything is closed you can exchange money in the casinos which work around the clock.
In conclusion
Don't expect to be able to pay with Euros and Dollars as Romania uses its own currency. You will be able to pay with a credit/debit card in almost any places.
There are exchange offices, banks and CEC Bank branches where you can exchange your money, just be sure to compare rates and fees before converting.
While cards are widely accepted we advise you to have some Lei just in case!
By following these tips about currency exchange and using a combination of cash and card, you'll be well-prepared to navigate Bucharest and spend your money wisely.
Money exchange in Bucharest
Converting your cash for Romanian Lei in Bucharest can be tricky and finding a good exchange rate can feel like searching for a hidden treasure!
This guide will break down everything you need to know about Romanian currency and how to exchange your cash to ensure you get the most out of your money.
Keep in mind that Romania uses its own currency, the Romanian Leu (RON), even though it's part of the European Union. Romania is not (yet) part of the Eurozone which means cash transactions will likely require Lei for most purchases.
Sure you can find a few places where you can pay in euro or dollars like in some hotels, restaurants or souvenir shops in the Old Town but don't rely on that.
When using exchange offices always check the commission percentage first, and always check if the transaction is registered and if you get a receipt!
The exchange rate may fluctuate and it is important to keep a close eye.
For more accurate and up-to-date information about the currency in Romania and the money exchange rates, please visit the official site of the National Bank Of Romania.
There are a lot of exchanges in Bucharest, each with its own fees - check the conversion rates before buying.
It is better to go into stores located in central areas. You can also exchange money at bank branches in the city.
There are a few ways you can exchange you cash for Lei in Bucharest:
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You can convert your money to Romanian Lei at banks, currency exchange businesses and "CEC Bank" (government bank) branches.
The exchange rate may vary between the different entities, so it is recommended to compare before converting. Please note that a conversion fee may apply!
The rates at banks might be less favourable compared to dedicated currency exchange businesses.
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You can withdraw cash from an ATM:
Please note that a fee may be charged for withdrawing cash from abroad by your bank. Make sure your card allows cash withdrawals from abroad and that you have set the preferred currency for withdrawals to Leigh Romney.
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At the airport: airport exchange rates usually aren't the best. The duty free currency exchange booths are very expensive so it's best to avoid them.
Paying by card in Bucharest
Bucharest will find both credit and debit cards widely accepted, especially in tourist areas and at hotels, restaurants, and shops etc..
Visa and Mastercard are the most widely accepted cards while American Express may be less common, especially if you are not in such a touristy part of the city.
It's always a good idea to ask the vendor before assuming they accept your card type.
Also it doesn't happen very often but there may be cases where some stores might have a minimum purchase amount for card transactions.
Many stores and restaurants in Bucharest use chip and PIN technology for added security. Make sure you remember your PIN, as you might need it to complete your transaction.
ATM's in Bucharest
ATMs are plentiful in Bucharest, so you can easily withdraw cash. Look for ATMs with major network logos (Visa, Mastercard, etc.) to avoid additional fees.
Be wary of card skimmers and use only ATMs at reputable locations and avoid using ones that look tampered with.
