Legislation for currency exchange offices

The procedure for authorising currency exchange offices and registering exchange points. Authorisation is granted by the Ministry of Finance, through the Commission for the authorisation of currency exchange activity. It replaced Ministry of Finance Order no. 664/2012.

In ExchangeOnline: Branch management and document numbering are handled in the application, separately for each location.

Legislative Portal (in Romanian)

The general framework for foreign exchange operations, republished and later amended, including by Regulation no. 6/2012 (which repealed BNR Norm no. 4/2005) and Regulation no. 7/2020.

In ExchangeOnline: The BNR report is generated centrally, and the BNR rate can be retrieved automatically.

National Bank of Romania

Currency exchange offices are reporting entities. They report suspicious transactions and cash transactions of at least EUR 10,000 (equivalent) to ONPCSB. Under Law no. 86/2025, standard customer due diligence applies to transactions of at least EUR 2,000, whether carried out in a single operation or in several linked operations.

In ExchangeOnline: Real-time ONPCSB alert, one-click reporting in the standard ONPCSB format, and the statistics requested during inspections.

Law no. 86/2025, Legislative Portal (in Romanian)

Requires the application of international sanctions imposed by the UN and the European Union, including by checking the persons with whom transactions are made.

In ExchangeOnline: Customers can be checked against the official UN and EU sanctions lists directly from the application.

Consumer information measures for currency exchange offices: how rates are displayed inside and outside the location, and the transaction acceptance form, drawn up in Romanian and English.

In ExchangeOnline: The acceptance form is generated automatically for every transaction, and the rate screen updates by itself with every change.

The obligation to use electronic fiscal devices with an electronic journal, connected to the ANAF IT system.

In ExchangeOnline: The application works with the Datecs FP-700V fiscal printer, manages the electronic journal and exports electronically signed XML files.

Electronic invoicing through the national RO e-Factura system, mandatory between companies and, from 1 January 2025, also for invoices issued to individuals.

In ExchangeOnline: e-Factura is fully integrated in the application, with all the functions required by ANAF.