 On 1 July 2005, Romania underwent a currency reform, switching from the previous leu (ROL) to a new leu (RON).1 RON is equal to 10,000 ROL.Romania joined the European Union on 1 January 2007 and initially hoped to adopt the euro in 2014, but with the deepening of the Euro crisis and with its own problems, such as a low workforce productivity, postponed its adoption plans indefinitely.