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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.
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]
The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it.
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.
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 ...
Pages in category "Currencies of Bulgaria" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. B. Bulgaria and the euro;
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]
In 1997 another Law on the BNB superseded the previous one; it reorganized the monetary system, and from 1 July a currency board arrangement was put in place. At first, the Bulgarian Lev was pegged to the Deutsche Mark, and from 1999 – to the Euro, at the rate of 1.95583 Leva for 1 Euro. Later in the same year the Bulgarian Lev was re ...