Silver coin dedicated to the anniversary of 150 years since Mihai Eminescu’s literary debut in Familia magazine (press release):
Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, as of 8 February 2016, the National Bank of Romania will put into circulation, for numismatic purposes, a silver coin dedicated to the anniversary of 150 years since Mihai Eminescu’s literary debut in Familia magazine.
The coin has the following characteristics:
Face value: lei 10
Metal: silver
Fineness: 999‰
Shape: round
Diameter: 37 mm
Weight: 31.103 g
Quality: proof
Edge: milled
Obverse: the portrait and signature of Mihai Eminescu overlapping a fragment of his debut poem De-aș avea…, the inscription “ROMANIA”, the face value “10 LEI”, the coat of arms of Romania and the year of issue “2016”.
Reverse: a partial depiction of the first frontispiece of Familia magazine, the inscription “DEBUTUL LUI MIHAI EMINESCU IN REVISTA FAMILIA” and the year of the celebrated event “1866”.
The silver coins are individually housed in transparent plastic capsules. They 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 200 coins.
The selling price is lei 320.00, VAT excluded, per silver coin, including the leaflet.
The silver coins dedicated to the anniversary of 150 years since Mihai Eminescu’s literary debut in Familia magazine are legal tender on the territory of Romania.
The silver coins will be put into circulation through the branches of the National Bank of Romania in Bucharest, Cluj-Napoca, Iaşi and Timişoara.
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
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