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The currency's name comes from the archaic Bulgarian word "lev," which meant lion. [6] The lion has been the national symbol of Bulgaria over the centuries. [7] Lions were common in the region until about 300 BC. [8] [9] In Bulgaria, the lion features in numerous historical monuments.
Bulgaria plans to adopt the euro and become the 21st member state of the eurozone. The Bulgarian lev has been on a currency board since 1997, with a fixed exchange rate initially against the Deutsche Mark and subsequently its replacement the euro. Bulgaria's target date for introduction of the euro was 1 January 2025.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Bosnia and Herzegovina Bulgaria Brunei ; Conventional peg (40) Aruba The Bahamas Bahrain Barbados Belize
Bulgaria and Romania are actively working to adopt the euro, while the four remaining states do not have a migration plan in progress. Bulgaria: The Bulgarian government aims to replace the Bulgarian lev with the euro by 2026. [30] [31] In November 2023, Bulgarian euro coin design has been revealed and approved by the Bulgarian National Bank. [32]
The Bulgarian Cyrillic alphabet features on the Europa series banknotes, as a result of Bulgaria joining the European Union in 2007. Thus this series includes " ЕВРО ", which is the Bulgarian spelling for EURO, as well as the abbreviation " ЕЦБ " (short for Европейска централна банка in Bulgarian ), [ 91 ] while ...
International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; Kiautschou dollar – Qingdao; Kiribati dollar – Kiribati; Liberian dollar – Liberia; Malaya and British Borneo dollar – Malaya, Singapore, Sarawak, British North Borneo and Brunei; Malayan dollar – Brunei, Malaysia and ...
Bulgaria's unit of currency is the lev (pl., leva). In October 2006, the U.S. dollar was worth 1.57 leva. In 1999, the value of the lev was pegged to that of the German Deutschmark, which was replaced by the euro in 2001. Following Bulgaria's admission to the EU, the lev is scheduled to be replaced by the euro. [143]