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20 Lei

Issuer Banca Națională a Moldovei
Year 2015
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Currency Leu (1993-date)
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Obverse description At left, the State Coat of Arms of the Republic of Moldova above the abbreviated issuer inscription 'BNM'; at centre, an intaglio portrait vignette of Ştefan cel Mare set against a multicoloured guilloche underprint with two vertical decorative elements and a central rosette; the inscription 'REPUBLICA MOLDOVA' appears at top, 'ŞTEFAN CEL MARE' below the portrait, with the nominal value in both figures and words, the governor's facsimile signature 'GUVERNATOR, D. Drăguţanu', the circular legend 'PE-UN PICIOR DE PLAI, PE-O GURĂ DE RAI...', a victory token 'V', the year of issue '2015', and a security serial number and series prefix. At the base, the statutory warning inscription 'FALSIFICAREA ACESTOR BILETE SE PEDEPSEŞTE CONFORM LEGILOR' is printed in small letterpress text.
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Reverse description At centre, a detailed vignette of Soroca Fortress rendered within a decorative frame, below which the inscription 'CETATEA SOROCA' is printed; the nominal value appears in both figures and words flanked by two vertical decorative elements. At right, the Coat of Arms of Ştefan cel Mare is set above a stylised composition pairing the Column of Trajan and the Column of Infinity with a crescent moon between them; the full issuer name 'BANCA NAȚIONALĂ A MOLDOVEI' and the NBM logo complete the design against a multicoloured guilloche underprint.
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Comments

Moldova's 20 Lei series has been in continuous production across multiple print runs since the early 1990s, with this 2015 date representing one of the later issues in an unusually long-lived denomination. The Banque de France facility at Chamalières has printed several Moldovan issues over the years, a relationship that reflects the limited options available to small post-Soviet central banks seeking secure production outside former Soviet printing infrastructure.

The security specification on this note is notably lean — watermark only, at a point when most contemporary issues from comparable economies had moved to at least windowed thread. Worth knowing for authentication purposes.

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