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Romanian laws governing negotiable instruments (that is, bills of exchange, promissory notes and cheques), drafted in 1934, have not been substantially amended since their entry into force. So the current methods of processing a negotiable instrument in Romania do not differ from the methods used in 1930, especially in relation to bills of exchange and promissory notes. While the technology applicable in the banking sector and especially in relation to non-cash payments has evolved, Romanian banks have been unable to make use of any modern means to process a negotiable instrument. The current legal provisions do not grant legal value to the presentment for payment of an electronic copy of a negotiable instrument. Instead the presentment of the original instrument is required.

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