Romania banknote - 100000 lei - year 1998 - Nicolae Grigorescu

Description: The leu is the currency of Romania. It is subdivided into 100 bani. The word "bani" is also used for "money" in the Romanian language. Third leu (ROL): 1952-2005On January 28, 1952, another new leu was introduced. Unlike the previous revaluation, different rates were employed for different kinds of exchange (cash, bank deposits, debts etc.) and different amounts. These rates ranged from 20 to 400 "old lei" for 1 "new" leu. Again, no advance warning was given before the reform took place.Between 1970 and 1989, the official exchange rate was fixed by the government through law. This exchange rate was used by the government to calculate the value of foreign trade, but foreign currency was not available to be bought and sold by private individuals. Owning or attempting to buy or sell foreign currency was a criminal offence, punishable with a prison sentence that could go up to 10 years (depending on the amount of foreign currency found under one's possession). International trade was therefore considered as part of another economic circuit than domestic trade, and given greater priority.This inflexibility and the existence of surplus money due to constant economic decline in the 1980s, mixed with the need for more foreign currency and the refusal of the Ceau?escu regime to accept inflation as a phenomenon in order to attain convertibility, led to one of the greatest supply side crises in Romanian history, culminating with the introduction of partial food rationing in 1980 and full rationing for all basic foods in 1986/87. This was a major factor in growing discontent with Ceau?escu, and contributed in part to the fall of the Communist regime in 1989.In the 1990s, after the downfall of communism, inflation ran high due to reform failures, the legalization of owning foreign currency in 1990, reaching rates as high as 300% per year in 1993. By September 2003, one euro was exchanged for more than 40,000 lei, this being its peak value. Following a number of successful monetary policies in the late 1990s and early 2000s, the situation became gradually more stable, with one digit inflation in 2005.The Romanian leu was briefly the world's least valued currency unit, from January (when the Turkish lira dropped six zeros) to July 2005. However, the 1,000,000 lei bill was not the highest Romanian denomination ever. This distinction belongs to the 5 million lei bill from 1947. Third leuIn 1952, the Ministry of Finance introduced notes for 1, 3 and 5 lei, and the Banca Republicii Populare Române introduced 10, 25 and 100 lei notes. In 1966, the Banca Na?ional? a Republicii Socialiste România took over the production of all paper money, issuing notes for 1, 3, 5, 10, 25, 50 and 100 lei.In 1991, 500 and 1000 lei notes were introduced, followed by 200 and 5000 lei notes in 1992, 10,000 lei in 1994, 50,000 lei in 1996, 100,000 lei in 1998, 500,000 lei in 2000 and 1 million lei in 2003. There was also a 2,000 lei note introduced in 1999; it celebrated the total solar eclipse that occurred on August 11, 1999. The final issues of the 2000, 10,000, 50,000, 100,000, 500,000 and 1 million lei were polymer notes.Notes in circulation at the revaluation were:10,000 lei (became 1 leu)50,000 lei (became 5 lei)100,000 lei (became 10 lei)500,000 lei (became 50 lei)1,000,000 lei (became 100 lei) Nicolae Grigorescu (15 May 1838 – 21 July 1907) was one of the founders of modern Romanian painting.He was born in Pitaru, Dâmboviţa County, Wallachia now called Romania. In 1843 his family moved to Bucharest. At a young age (between 1846 and 1850), he became an apprentice at the workshop of the Czech painter Anton Chladek and created icons for the church of Băicoi and the Monastery of Căldăruşani [ro]. In 1856 he created the historical composition Mihai scăpând stindardul (Michael the Brave saving the flag), which he presented to the Wallachian Prince Barbu Ştirbei, together with a petition asking for financial aid for his studies.Between 1856 and 1857, he painted the church of the Zamfira monastery, Prahova County, and in 1861 the church of the Agapia monastery. With the help of Mihail Kogălniceanu, he received a scholarship to study in France.In the autumn of 1861, young Grigorescu left for Paris, where he studied at the École des Beaux-Arts. He also attended the workshop of Sébastien Cornu, where he had as a colleague Pierre-Auguste Renoir. Knowing his weaknesses, he concentrated drawing and composition. However, he soon left this workshop and, attracted by the artistic concepts of the Barbizon school, he left Paris for that village, where he became the associate of artists such as Jean-François Millet, Jean-Baptiste-Camille Corot, Gustave Courbet and Théodore Rousseau. Under the influence of the movement, Grigorescu looked for new means of expression and followed the trend of en plein air painting, which was also important in Impressionism. As part of the Universal Exposition of Paris (1867), he contributed seven works. Then he exhibited at the Paris Salon of 1868 the painting Tânără ţigancă (Young Gypsy girl).He returned to Romania a few times and starting in 1870 he participated in the exhibits of living artists and those organized by the Society of the Friends of the Belle-Arts. Between 1873 and 1874 he traveled to Italy, Greece and Vienna.In 1877 he was called to accompany the Romanian Army as a "frontline painter" in the Romanian War of Independence. During the battles at the Grivitsa Strongpoint and Oryahovo, he made drawings and sketches which later used in creating larger-scale works.In 1889 his work was featured in the Universal Exhibition in Paris and at the Romanian Atheneum. Centerpiece exhibits took place at the Romanian Atheneum would follow in 1891, 1895, 1897, 1902, and 1905.From 1879 to 1890 he worked in France, especially in Vitré, Brittany, and in his workshop in Paris. In 1890 he settled in Câmpina and started depicting pastoral themes, especially portraits of peasant girls, pictures of ox carts on dusty country roads and other landscapes. He was named honorary member of the Romanian Academy in 1899.At the moment of his death, Grigorescu had been working on his Întoarcerea de la bâlci (The Return from the Fair).

Price: 24 USD

Location: Nis

End Time: 2025-01-19T17:23:52.000Z

Shipping Cost: 0 USD