Romania Hyperinflation Banknotes


1,000,000 Lei, 1947

1,000,000 Lei, 1947 front
1,000,000 Lei, 1947 back

Enlarge: Front1,000,000 Lei, 1947 front
 & Back1,000,000 Lei, 1947 back


Romanian women and child


5,000,000 Lei, 1947

5,000,000 Lei, 1947 front
5,000,000 Lei, 1947 back

Enlarge: Front5,000,000 Lei, 1947 front
 & Back5,000,000 Lei, 1947 back

The note is the highest denomination ever issued by Romania.

Front: Women and children at left and right. Wolf nursing Romulus and Remus at center.

Back: Farm wives


1,000,000 Lei 2003 Polymer

1,000,000 Lei 2003 front
1,000,000 Lei 2003 back

Enlarge: Front1,000,000 lei 2003 front
 & Back1,000,000 lei 2003 back

This note is the world's highest denomination polymer plastic banknote.

Front: Ion Luca Caragiale (1852 to 1912), noted author, playwright and short story writer

Back: statue of Caragiale and now demolished national theatre formerly in Bucharest

Back to Hyperinflation Banknotes

As with many other countries in Europe, Romania faced post WWII hyperinflation. The highest denomination before the war was 5,000 Lei. By 1947, it was 5,000,000 Lei.

Romania suffered a second period of hyperinflation from 1990-2005. The highest denomination between 1966 and 1989 was 100 Lei. By 2003 it was 1,000,000 Lei. In the 2005 currency reform, 1 new Leu was exchanged for 10,000 old Lei.




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