Source link : https://europ.info/2025/07/19/bulgaria-switches-to-the-euro-lev-replaced-starting-this-january/
Bulgaria is set to adopt the euro as its official currency in January, marking a significant shift from the Bulgarian lev that has been in use for decades. This currency changeover represents a major milestone in the country’s integration into the European Union’s economic framework. As businesses, consumers, and financial institutions prepare for the transition, experts weigh in on the potential impacts on Bulgaria’s economy and daily life. Euronews.com takes a closer look at what the euro adoption means for Bulgaria and its citizens.
Currency Changeover in Bulgaria Sets Stage for Economic Transformation
The transition from the Bulgarian lev to the euro marks a pivotal moment in Bulgaria’s economic landscape, promising to enhance financial stability and attract increased foreign investment. This strategic move aligns Bulgaria with the broader Eurozone, facilitating smoother trade operations and reducing currency exchange risks for businesses and consumers alike. Authorities have underscored that the changeover aims to foster greater economic integration with EU partners while maintaining price stability and consumer protection.
Key features of the currency transition include:
- Dual pricing period: Both currencies will be displayed simultaneously for three months to ease public adaptation.
- Fixed conversion rate: The lev will be irrevocably pegged to the euro at a rate of 1.95583 lev per euro.
- Banking system update: Financial institutions are equipped to support…
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Author : Mia Garcia
Publish date : 2025-07-19 13:32:00
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