The Moldovan Leu is the official currency of Moldova, a country located in Eastern Europe. It is abbreviated as MDL and is subdivided into 100 bani. The leu was first introduced in 1993, replacing the previous currency, the Moldovan Ruble, following the country's independence from the Soviet Union. The National Bank of Moldova is responsible for issuing and regulating the leu. The currency features various denominations in both coins and banknotes, with designs that often reflect Moldova's cultural heritage and historical figures. The leu plays a crucial role in the country's economy and daily transactions.