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Feb 22, 2023 · Bulgaria is beginning preparations for minting Euro coins, according to an announcement made by Bulgarian President Rumen Radev. The process of replacing the Lev with the common European currency is gaining momentum, at least in the symbolic sphere. by Jakub Warzecha. 22 February 2023.
Jul 7, 2023 · After a debate lasting several hours on July 6, Bulgaria’s National Assembly rejected a proposal to hold a referendum on retaining the lev as the country’s sole currency up to the year 2034. The vote was 98 against, including MPs from We Continue the Change-Democratic Bulgaria, GERB-UDF and the Movement for Rights and Freedoms, though most ...
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Mar 7, 2024 · Novinite Insider | March 7, 2024, Thursday // 17:45. Send to Kindle. Bulgaria edges closer to potentially adopting the euro, but the debate over whether to keep the national currency, the lev,...
Jan 28, 2020 · Bulgaria will not lift the currency board which pegs the Bulgarian lev to the Euro, the governor of the Bulgarian National Bank Dimitar Radev said. This topic has never been discussed during the talks with the European financial institutions, Dimitar Radev underlined. Bulgaria will enter the Eurozone with the current exchange rate between the ...
Jul 25, 2023 · According to Hampartzoumian, if the referendum requested by "Vazrazhdane" is held and the demand to preserve the lev now wins, it means a collapse of the external debt...
The government can set interest rates in Bulgarian levs when there is a lev. Under the Euro, interest rates tend to parity throughout the Eurozone. So the government loses two of the most important levers of control of the economy - Money supply, and Interest rates.
Bulgaria met three out of the five criteria in the last convergence report published by the European Central Bank in June 2022. Joining ERM II. The Bulgarian lev has been pegged to the euro since the latter was launched in 1999, at a fixed rate of €1 = BGN 1.95583, through a strictly managed currency board.
