Bulgarian lev

As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape.

As Bulgaria gears up to join the Eurozone, citizens are voicing their concerns and expectations regarding the transition. According to an anonymous online survey that is still being conducted on the non-commercial platform "We, the Users," approximately 400 participants have shared their views on the matter.

The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency.

The Ministry of Finance has made public the draft Law concerning the implementation of the euro in the Republic of Bulgaria, inviting public discourse. The objective of this initiative is to facilitate the seamless integration of the euro into Bulgaria and enhance transparency and understanding regarding the adoption process of the unified European currency within the nation.

Bulgaria edges closer to potentially adopting the euro, but the debate over whether to keep the national currency, the lev, or transition to the European currency continues to stir controversy among the public. On our Facebook page, we recently posed this question to our readers: "Adopt the Euro or Keep the Lev?", and the response was resounding.

The Bulgarian National Bank (BNB) has marked a significant milestone in the nation's journey towards full integration into the Eurozone by finalizing the approval of the design for Bulgarian euro coins.

This crucial step underscores Bulgaria's readiness to adopt the euro as its official currency and represents a pivotal moment in the country's preparations for Eurozone membership.

In a significant move toward Eurozone accession, Bulgaria's Council of Ministers has announced that, one month after the official entry date into the Eurozone is disclosed, shop prices will be displayed in both Bulgarian Lev (BGN) and Euro. This dual pricing strategy is set to continue for a year after the Euro becomes the official currency.

Gabriela Rumenova from the consumer advocacy platform "We, the Consumers" exposes a series of pricing violations in stores, where advertised prices in euros diverge significantly from the actual values in Bulgarian Lev (BGN), in direct violation of current legislation.

In the months before the introduction of the euro in Bulgaria, citizens will be encouraged to deposit as many levs (BGN) banknotes and coins as possible in bank accounts.

Hardly anyone will be surprised that a number of bank charges will be raised again. Some of them have already been a fact for several days, for others it is coming from the beginning of September, and for others - in October. Physical contact with bank employees related to cash operations is expected to become more and more expensive.