Press release on paper banknotes withdrawal
13.01.2004
The National Bank of Romania reiterates that starting 5 December 2003 it has initiated the withdrawal from circulation of the paper banknotes with face value of ROL 50,000 - year of issue 2000 and ROL 100,000 - year of issue 1998.
The withdrawal of the above-mentioned banknotes shall be carried out as follows:
Until 29 February 2004, the above mentioned banknotes shall be received as usual from individuals by all economic agents and institutions that are bound not to put them into circulation again but deposit them with the banks they have their accounts opened with.
Between 1 March - 31 May 2004, the banknotes to be withdrawn shall be received as means of payment or for exchange purposes by banks only. Commercial banks shall not put them into circulation again, but deposit them with the National Bank of Romania.
After 31 May 2004, the paper banknotes with face value ROL 50,000 - year of issue 2000 and ROL 100,000 - year of issue 1998, cease to be legal tender.
Between 1 June - 31 December 2004, the paper banknotes with face value of ROL of 50,000 - year of issue 2000 and ROL 100,000 - year of issue 1998, which are no longer legal tender, may be exchanged only by the National Bank of Romania branches in Bucharest, Cluj Napoca, Iaşi and Timişoara.