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100 Lei - Mihai I Ministry of Finance

Issuer Ministerul Finanțelor (Ministry of Finance), Romania
Year 1945
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Currency First leu (1867-1947)
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Obverse description Central vignette of King Mihai I in profile facing left, set within a circular frame flanked by the denomination in numerals on either side. The design is enclosed within a guilloche border with anti-counterfeiting legal text and the engraver's name inscribed along the lower margin. The issuing authority "ROMANIA MINISTERUL FINANTELOR" appears across the top.
Obverse lettering ROMANIA MINISTERUL FINANTELOR 100 100 DIRECTORUL GENERAL AL MISCARII FONDURILOR FALSIFICATORII ACESTOR BILETE, ACEI CEI VOR FI INTREBUINTAT BILETELE FALSE, COMPLICII LOR, PRECUM SI ACEI CARI VOR FI INCERCAT A COMITE ASEMENEA FAPTE VOR FI PEDEPSITI CONFORM LEGILOR PENALE SERBAN ZAINEA
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Comments

Romania's Ministry of Finance issued this note directly — bypassing the National Bank — a practice that expanded sharply during the war years as fiscal pressures outpaced orthodox monetary channels. The 1945 date places it in a particularly unstable transitional moment: Soviet forces were already present on Romanian soil, King Mihai I was reigning under heavily constrained conditions, and the hyperinflationary spiral that would necessitate the 1947 monetary reform was already building.

Șerban Zainea was one of the principal engravers at the Imprimeria Națională in Bucharest, and this note was produced domestically — a point worth noting given how much Romanian wartime paper depended on German presses.

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