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20 Lei
| Issuer | Banca Națională a României |
|---|---|
| Year | 1929 |
| Type | Log in to see details |
| Value | 20 Lei |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANCA NATIONALA A ROMANIEI DOUE DECI LEI 20 20 FALSIFICATORII ACESTOR BILETE SI ACEIA CARI VOR FI INTREBUINTAT BILETE FALSE, SAU LE VOR FI INTRODUS IN TARA, SE VOR PEDEPSI CU INCHISOARE DE LA 5 PANA LA 10 ANI, CU INTERDICTIUNE SI AMENDA, CONF ART 117 C. P. GEORGES DUVAL Fec. L. RUFFE sc. |
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| Protection type | Watermark |
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| Comments |
Romania's interwar stabilization program, anchored by the 1929 monetary law that formally tied the leu to gold, required a new banknote series to signal fiscal credibility to foreign creditors — this 20 Lei was part of that issue. Imprimerie Nationale in Paris handled the printing, a common arrangement for Romanian notes of the period when domestic printing capacity was considered insufficient for high-security work.
Ruffe was a prolific intaglio engraver at the Imprimerie Nationale whose work appears across multiple French colonial and client-state issues of the 1920s. The 1929 series was released almost simultaneously with the onset of the global depression, which rather undermined the stabilization it was meant to reinforce.