On the 24th of January 1859, the history pages of the Romanian Principalities witness an important event under the name of the “Union of the Principalities”. Two historical regions of the ancient land of Dacia were united to become a single country, known starting with 1962, under the name of Romania.
After accomplishing the Union, Ruler Alexandru Ioan Cuza and the great politicians of that time started to plan a series of administrative reforms meant to bring Romania among the modern countries in Europe and worldwide.
Shortly after the Union of the Principalities, on the 24th of January 1864, Ruler Alexandru Ioan Cuza, an initiator of various progressive transformations, such as the Land Reform or the Education Reform, was promulgating the new law establishing the Court of Accounts institution that took over all the files and records of the former Ministry of Control, which had been abolished.
In the promulgation decree of the Law establishing the Court of Accounts, the role of this institution is defined as “wanting to offer a guarantee to the country about our desire to put the use of public money under a controlling mechanism, both serious and autonomous from any suspicion of acting upon of the officials responsible for handling the budget.”
The Court of Accounts operated without interruption and its functioning has been submitted to the legislative transformations from 1874, 1895 and 1929, that concerned changes imposed by the extension of tasks or the reorganization of staffing. Abolished in 1948 by the Communist regime, the Court of Accounts was reappointed by Law No. 94/1992.
In 2002, the competencies of the Court of Accounts were redefined and enlarged, according to the European Union audit standards.
150 years after its establishment, the institution appears today as a modern and efficient organism, that follows with professionalism and objectivity the appropriate use, in terms of performance, of public money.
On this celebratory occasion, Romfilatelia introduces into circulation the postage stamp issue 150 years since the establishment of the Romanian Court of Accounts, consisting of three values.
The postage stamp with the face value of lei 2.40 depicts the logo of the Romanian Court of Accounts.
On the postage stamp of the souvenir sheet and on the series’ postage stamp, with the face value of lei 4.50, is depicted the portrait of Ruler Alexandru Ioan Cuza, during whose rule the foundation degree of the High Court of Accounts was issued.
The border of the souvenir sheet reproduces the image of the Palace of the High Court of Accounts, inaugurated in 1899, according to the Act signed by King Carol I of Romania.
