The Romanian Leu Throughout History The Romanian leu is Romania’s official currency. It’s subdivided into 100 bani, the Romanian word for money. The Romanian leu derived from the Dutch thaler. These coins were used in multiple countries, including Romania, Bulgaria, and Moldova, and inspired all three of their respective currencies! Like the original Dutch thaler, the name of the Romanian leu means lion. The currency has a surprisingly long and rich history. Its first iteration debuted in...
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The Romanian Leu Throughout History

The Romanian leu is Romania’s official currency. It’s subdivided into 100 bani, the Romanian word for money. The Romanian leu derived from the Dutch thaler. These coins were used in multiple countries, including Romania, Bulgaria, and Moldova, and inspired all three of their respective currencies! Like the original Dutch thaler, the name of the Romanian leu means lion. The currency has a surprisingly long and rich history. Its first iteration debuted in 1867 as a bimetallic coin. The current leu is the fourth run of the paper currency, and it began circulating in 2005.

the_romanian_leu_throughout_history

There are thirteen denominations of the Romanian Leu currently in use. The 1, 5, 10, 50, and 100 lei banknotes and the 5, 10, and 40 bani coins are used frequently, while the 20, 200, and 500 lei banknotes and 5, 10, and 50 bani coins are much rarer. With Romania preparing to join the Eurozone, the Leu banknotes are printed the same size as the euro. The country hopes this eases the transition to the new currency down the line.

Best Romanian Leu Online Casino Payment Options

The Romanian leu might not be a well-known currency outside the county’s borders, but surprisingly, it’s accepted by some of the most popular payment options currently out there! As a result, players can choose various payment methods when visiting online casinos. Naturally, not all of these options are equal. Some offer much better benefits to Romanian users than others, and up next, we’ll explore what the best ones can do for you:

VISA: Pretty much everyone is familiar with VISA at this point. The bank card is the leading payment option worldwide, and it’s used for pretty much every purpose you can think of. In the online casino space, VISA can open a lot of doors. It’s accepted in most venues, so you can choose between countless popular operators. VISA might be safe and reliable, but it falls short in other aspects. When things like processing times are in question, eWallets do a much better job.

Skrill: Skrill is a well-known eWallet used in all corners of the world. The payment option is known for a few things, but its speed, low fees, and convince are why most users choose it. It’s hard to fault Skrill. Since the eWallet is pretty popular, it’s a viable option in tons of online casinos out there. One thing that might be important to some players is the limitations of using Skrill for casino bonuses. In some venues, using Skrill excludes you from partaking in Welcome Offers.

Neteller: Neteller is an eWallet that shares plenty of similarities with Skrill. The two payment services are owned and operated by the same companies, so they offer many of the same perks! Like Skrill, Neteller is safe, quick, and has low fees attached to its transactions. It’s also been around for a long time, so it has a wide reach in the online casino realm. Unfortunately, Neteller deposits are often subject to bonus restrictions too. Before choosing this method, make sure to check the operator’s bonus terms & conditions

PayPal: PayPal is the most easily recognizable eWallet. The service is insanely popular, and it’s been around for over two decades! Since it’s so well-established, PayPal is a viable payment option in many online casinos. It offers the staple benefits of using an eWallet, including faster processing times, convenient online banking, and low fees!

PayU: PayU is an online payment service that hails from the Netherlands. It’s gained tons of traction throughout Europe in the past few years, including a substantial user base in Romania! The service offers several great perks, so it’s easy to see why more and more players use it as their go-to online casino payment option! With PayU, players needn’t share personal information with the casino. They can also expect quick transactions and relatively low fees. Unfortunately, PayU isn’t too popular in the online gambling world, so it’s limited to a small number of venues.

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Gambling Restrictions for Romanian Leu

Romania has implemented many changes in its online gambling legislation in the past few decades. Several years ago, online gambling was allowed in licensed venues. The problem is, there was no licensing body in the country! When one was established, the law changed to one that restricted access to pretty much all foreign operators. To get an online gambling license, casinos were required to have a land-based counterpart in Romania! Through the urging of the European Commission, this law changed, and the requirements are now much laxer.

These days, the only issue online casinos may run into is higher than average taxes in the country. Venues are also required to keep a copy of their servers in Romania for easier auditing. We’re happy to say that all of this is of great benefit to players! Player protection is top-notch, and all complaints are taken seriously. As long as you’re playing at a licensed operator, you should have a fun time!

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