Romania - 1913 dated 500 Romanian Lei Bond
Inv# FB6789 Bond
Measuring 13" wide x 19" tall. Attractive 500 Lei Bond with most of full page of coupons. 4 Shillings revenue stamp! The Romanian leu serves as the official currency of Romania, divided into 100 bani, a term that also translates to "money" in Romanian. The country abandoned the gold standard in 1914, leading to a decline in the leu's value. Historical exchange rates include 167.20 lei per US dollar on February 7, 1929, 135.95 lei per US dollar on November 5, 1936, 204.29 lei per US dollar on May 18, 1940, and 187.48 lei per US dollar on March 31, 1941. During Romania's alliance with Nazi Germany in World War II, the leu was pegged to the reichsmark at a rate of 49.50 lei to RM 1, which later adjusted to 59.5 lei to RM 1 in April 1941. Under Soviet occupation, the exchange rate was set at 100 lei for 1 ruble. Following the war, the currency experienced a significant devaluation, prompting the National Bank to introduce a new leu, equivalent to 20,000 of the old lei.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries