National Bank of Romania 1917  (1917,1937)

The national bank of Romania was authorized by its founding statute to issue banknotes in denominations of 20, 100, and 1,000 lei only. However, due to the hoarding of coinage during World War I, in March 1915, the national bank of Romania was authorized to produce banknotes in denominations of 1, 2, 5, and 10 lei, although 1- and 2-leu notes would not be introduced into circulation until 1916. The 10-leu note remained unissued, but an intermediate denomination of 500- leu was issued on paper originally intended for the 10-leu note.

The national bank of Romania moved from the capital of Bucharest to the second largest city, Iași (also referred to as Jassy or Iassy) on 15 November 1916, then went to Petrograd under the protection and guarantees offered by the Russian government. The German military administration seized the bank’s head office and assets in Bucharest, and subsequently issued its own occupation notes (see Banca Generalâ Romană). The Romanian government, the bank, as well as other central institutions, moved back to Bucharest on 1 December 1918, after the war ended on 11 November 1918.

The 5- and 100-leu notes dated 16 Februarie 1917 were issued under German occupation and are like the preceding issues, but with different color schemes and different watermarked paper.

The national bank of Romania was reorganized after 1924. A law enacted in 1925 extended the bank’s prerogative of issuing currency for another 30 years and provided for a capital increase, from 30 million lei to 100 million lei. Moreover, the state rejoined the shareholding structure.

The national bank of Romania was reorganized after 1924. A law enacted in 1925 extended the bank’s prerogative of issuing currency for another 30 years and provided for a capital increase, from 30 million lei to 100 million lei. Moreover, the state rejoined the shareholding structure.


 
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