The State Mint () is the national mint of

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

. It has its headquarters in

Bucharest Bucharest ( , ; ) is the capital and largest city of Romania. The metropolis stands on the River Dâmbovița (river), Dâmbovița in south-eastern Romania. Its population is officially estimated at 1.76 million residents within a greater Buc ...

and produces (mints) the

coin A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by ...

s in circulation in

, commemorative medals, and the civil and military orders ( state decorations).

History

It was founded in 1870, three years after establishing the national monetary system of the leu, and since 1935 its headquarters are situated on the Filaret Hill (in

and named after a late 18th-century metropolitan of the region). Since 1956, the State Mint is subordinated to the

National Bank of Romania The National Bank of Romania (, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian le ...

, and in 1990 it was reorganised as an Autonomous Institution (''Regie Autonomă'').

Functioning and Governing Structures

Although it is a state-owned company, the State Mint is financially independent and is not subsidized by the Romanian Government. ''Monetăria Statului'' is headed by an Administrative Council, consisting of nine members, whose president is the General Director of the institution.

Products

Along with the

national currency Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, ...

, the State Mint produces commemorative coins, medals, decorations, objects made of

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

and

silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...

, as well as numerous objects that can be made with the Mint's technology: tokens, badges, seals, engraved objects, etc. In the last years, a significant part of the production (such as coins, medals, tokens or keychains) was sold to foreign customers from

Great Britain Great Britain is an island in the North Atlantic Ocean off the north-west coast of continental Europe, consisting of the countries England, Scotland, and Wales. With an area of , it is the largest of the British Isles, the List of European ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

Moldova Moldova, officially the Republic of Moldova, is a Landlocked country, landlocked country in Eastern Europe, with an area of and population of 2.42 million. Moldova is bordered by Romania to the west and Ukraine to the north, east, and south. ...

, and Hong-Kong. The quality system of the State Mint was reconfirmed in 2002 by the ''Comisia de Supraveghere, Acreditare şi Certificare a Ministerului Român de Interne'', conform with the international standard SR EN

ISO 9002 The ISO 9000 family is a set of international standards for quality management systems. It was developed in March 1987 by International Organization for Standardization. The goal of these standards is to help organizations ensure that they meet ...

References

External links

Monetăria Statului
{{DEFAULTSORT:Monetaria Statului Mints of Europe National Bank of Romania 1870 establishments in Romania Companies based in Bucharest Currencies of Romania