01/04/2019: Romania plans to adopt the euro
The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.
15/10/2006: New series of banknotes
Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.
01/06/2005: Currency redenomination
Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.
01/07/2003: Romania joins EU Accession
As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.
21/05/1991: Free-floating exchange rate
Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.
28/02/1991: End of communist era
As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.
09/11/1961: Introduction of the Monetary Reform
Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.
30/11/1949: Abolition of the army
After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.
30/12/1947: Communist regime introduces new leu
In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.
14/12/1917: Establishment of the Central Bank of Costa Rica
The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.
01/03/1901: Introduction of the gold standard
Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.
09/04/1896: Adoption of the gold standard
Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.
01/04/1867: Creation of the Romanian leu
The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
18/03/1850: Introduction of the Costa Rican colón
The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.