100 Lei

Romania's wartime financial position forced a pragmatic arrangement: with domestic printing capacity strained, the Banca Naţională contracted the Banque de France to produce this series, an agreement that became increasingly awkward after Romania aligned with the Axis in 1940 and France fell under German occupation that same year. The notes were engraved by Léon Henri Ruffe and designed by Georges Duval, both working within the Banque de France's established intaglio tradition.

Pick 50 spans 1940–1942, a period when Romanian currency was under considerable inflationary pressure tied to wartime mobilization and German economic extraction. Ruffe's engraving work is among the finer in the series.