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20 lei - Regele Mihai I

Issuer Romania
Year 2026
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Shape Rectangular
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Obverse description Central oval vignette with an intaglio-style portrait of King Mihai I in military uniform, set against an elaborate guilloche underprint in green tones. The denomination 20 LEI appears at upper left and right corners, with the title REGELE MIHAI I on a ribbon below the portrait. Lower margin carries the disclaimer REPRODUCERE ARTISTICA – NON CIRCULABIL.
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Reverse lettering 20 LEI
ISTORIA ROMANIEI 1853-2024
DESIGNER MIHAI COSMIN DINU
(Translation: 20 LEI
HISTORY OF ROMANIA 1853-2024
DESIGNER MIHAI COSMIN DINU)
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Scheduled for release in 2026, this note marks the first time Mihai I has appeared on Romanian currency since the communist regime forced his abdication in December 1947 — an act the king himself later described as made under direct threat of mass arrests. His rehabilitation in public memory was a slow, politically contested process across the post-1989 decades.

Designer Mihai Cosmin Dinu also worked on earlier issues in the current polymer series, though this 20 lei returns to paper rather than continuing that substrate.