A monument dedicated to Ruler Mircea the Elder will be put up in Chisinau’s Ciocana district. The Government made such a decision at the Ministry of Culture’s suggestion, under the decision of the Chisinau Municipal Council, Info-Prim Neo reports. The costs of making and placing the monument will be covered with money from the local budget and from donations. Mircea the Elder (1355 – 1418) was ruler of Walachia from 1386 until his death. The byname "elder" was given to him after his death in order to distinguish him from his grandson Mircea II ("Mircea the Younger"). Mircea's reign is often considered to have brought stability to Walachia. Found in a volatile region of the world, this principality's borders constantly shifted, but during Mircea's rule, Walachia controlled the largest area in its history: from the river Olt in the north to the Danube in the south, and from the Danube's Iron Gates in the west to the Black Sea in the east. Mircea strengthened the power of the state and organized the different high offices, promoted economic development, increased the state's revenue, and minted silver money that enjoyed wide circulation not only inside the country but also in neighboring countries. He also formed a system of lasting alliances which enabled him to defend the independence of the country.