Romania sets date for introducing the Euro – earlier than Hungary!

Romania voted on a target date of when they would start using the Euro. The committee was in favour of the 2024-2026 target date with an overwhelming majority.

Previously, there were hopes the shift could take place by 2022; however, this current date seems more realistic – reports HVG. According to Prime Minister Viorica Dancila’s report from last spring, Romania has regarded the introduction of the Euro as a primary task ever since they joined the EU back in 2007. Before the economic crisis in 2008, the target date was set to be 2019; however, the uncertainty caused politicians to postpone the issue for an undefined period of time.

During the meeting, the parliamentary body discussed the documents necessary for preparing for the shift to the official currency of the European Union. They consulted the parties of the parliament, Mugur Isarescu, the Governor of the National Bank of Romania, the board of the Romanian Academy, presidential advisors, leaders of trade unions, representatives of the private sector as well as other organisations when making the decision.