In this stage the NBR will be involved in the preparation for joining the European System of Central Banks and the Eurosystem by putting into practice the legal recommendations made by the ECB and the European Commission as regards the observance of the legal convergence criteria which are to be found in the convergence reports and the convergence programs.

Consequently the NBR Board has decided to initiate the process of amending Law no.312/2004 on the statute of the NBR, with a view to adopting the euro. The amendments will focus on the following: (i) the acquis communautaire under Chapter 11 - Economic and Monetary Union, which Romania (and implicitly the NBR) has committed to adopt after the closure of the accession negotiations, (ii) the legal convergence criteria in order to adopt the euro, (iii) ensuring the compatibility of the NBR's Statute with the current national legal framework in the field, (iv) the experience and practice of other central banks, especially those in the last accession wave which have already begun the process of amending their statutes in order to adopt the euro (Slovenia, Estonia, Malta, Cyprus, Lithuania and Slovakia) and the evaluation of their draft laws made by the ECB, as well as (v) amendments proposed by other NBR departments.