Dorin Cioaba, the self-appointed king of the Roma, announced last week in the Romanian city of Sibiu that Roma throughout 37 countries will soon have their own virtual currency, the “lov”, which will be exchanged at a 1:1 rate with the euro. “We will begin with one lov valued at one euro and then we will see over time whether its value rises or falls,” Cioaba said in an interview with the Agerpres press agency.
Last year Cioaba was elected president of the International Romani Union (IRU), the world’s oldest international Roma organization, at an extraordinary congress in Sibiu. He replaced his father Forin, who passed away last August.
Source (English language): http://www.romea.cz/en/news/romania-self-appointed-king-of-the-roma-announces-virtual-currency