The Romanian Leu has suffered this loss of value mainly because of the lack of trust in it.
What does ROL stand for?
ROL stands for Romanian Leu (former Currency Unit, ISO)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of ROL
We have 51 other meanings of ROL in our Acronym Attic
- Ring of Light (gaming)
- Rise of Legends (video game)
- Risk of Loss (commercial transactions)
- Risultato Operativo Lordo (Italian: Gross Operating Result; taxes)
- Road Occupancy License (Australia)
- Rock of Love (TV show)
- Rock Out Loud (band)
- Rock over London (London, UK)
- Rocketry Online
- Rotate Left
- Rule of Law
- Run of Loom (textiles)
- Rush of Love
- Recognition of Learning Affinity Group (Canada)
- Rule of Law and Human Rights
- Rest of Latin America
- Robert Owen Learning Academy (Leominster, Herefordshire, England, UK)
- Rollende Landstrasse (German railway transport line carrying vehicles on wheels)
- Ross Lake National Recreation Area (US National Park Service)
Samples in periodicals archive:
Foreign exchange specialist Travelex quizzed fans of the movies on their travel plans after spotting a marked increase in demand for the Romanian Leu - a 14% rise since the release of the first film in 2008.
As the table below shows, others weren't far behind: As the figures show, the $ performance has beenA boosted by the surge in key floating east European currencies, including the Hungarian forint, the Romanian leu, and the Polish zloty, against the euro,A and the euro's 8 per cent appreciation against a weakening dollar.
The central bank has also decided to maintain the current ratios of the minimum reserve requirements at 15 percent for Romanian leu liabilities and 25 percent for foreign currency liabilities.
Accordingly, the bank will start trading Bulgarian Lev, Iranian Rial, Romanian Leu and Russian Ruble.
In comparison to the solvency of these currencies back in August 2007, the Hungarian Forint lost 17%, the Polish Zloty lost 20%, the British Pound Sterling lost 23%, and the Romanian Leu lost 26%, all while the Euro only lost 6%.
When the Hungarian forint, Romanian leu, and other weaker scrips began plunging last summer, the cost of repaying those loans skyrocketed.
The Hungarian forint, the Czech koruna, the Polish zloty and the Romanian leu have been shaken by fears of massive capital flight from the region during the economic crisis and concern over the health of banks there.