BANCI | ENGLISH

National Bank of Romania will put into circulation, for numismatic purposes, a set of three coins dedicated to King Ferdinand

Autor:

2015-07-13 15:37

National Bank of Romania will put into circulation, for numismatic purposes, a set of three coins (made of gold, silver and copper-plated tombac) and a silver coin dedicated to the anniversary of 150 years since King Ferdinand I’s birth (press release):

Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, as of 15 July 2015, the National Bank of Romania will put into circulation, for numismatic purposes, a set of three coins (made of gold, silver and copper-plated tombac) and a silver coin dedicated to the anniversary of 150 years since King Ferdinand I’s birth.

The coins (made of gold, silver and copper-plated tombac) in the set have the following technical characteristics:

Face value
lei 100
lei 10
leu 1

Metal
gold
silver
copper-plated tombac

Fineness
900‰
999‰
–
Shape
round
round
round

Diameter
21 mm
37 mm
37 mm

Weight
6.452 g
31.103 g
23.5 g

Quality
proof
proof
proof

Edge
milled
milled
milled

Obverse of the gold coin: the image of the Coronation Cathedral in Alba Iulia, the inscription “ROMANIA” in an arc, the face value “100 LEI”, the coat of arms of Romania and the year of issue “2015”.

Obverse of the silver coin: the image of the Coronation Cathedral in Alba Iulia, the inscription “ROMANIA” in an arc, the face value “10 LEI”, the coat of arms of Romania and the year of issue “2015”.

Obverse of the copper-plated tombac coin: the image of the Coronation Cathedral in Alba Iulia, the inscription “ROMANIA” in an arc, the face value “1 LEU”, the coat of arms of Romania and the year of issue “2015”.

Reverse (common to all coins made of gold, silver and copper-plated tombac in the set): the portrait of king Ferdinand I, his birth and death years – “1865” and “1927” – and the inscriptions “FERDINAND I” and “REGE AL ROMANIEI” in an arc.

The technical characteristics and the description of the silver coin are similar to those of the silver coin which is part of the three-coin set.

The gold, silver and copper-plated tombac coins are individually housed in transparent plastic capsules.

The sets of coins and the silver coins are accompanied by leaflets featuring a presentation of the numismatic issue in Romanian, English and French. Each leaflet comes with a certificate of authenticity bearing the signatures of the Governor and the Chief Cashier of the National Bank of Romania.

The mintage of this numismatic issue is:
150 sets of coins (made of gold, silver and copper-plated tombac); and
250 silver coins.

The selling prices are as follows:
lei 1,950.00, VAT excluded, per set of three coins (made of gold, silver and copper-plated tombac), including the leaflet; and
lei 330.00, VAT excluded, for the silver coin, including the leaflet.

The gold, silver and copper-plated tombac coins dedicated to the anniversary of 150 years since King Ferdinand I’s birth are legal tender on the territory of Romania.

The sets of coins and the silver coins will be put into circulation through the branches of the National Bank of Romania in Bucharest, Cluj-Napoca, Iaşi and Timişoara.

Taguri:

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii