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The lev (Bulgarian: лев, plural: лева, левове / leva, [4] levove; ISO 4217 code: BGN; numeric code: 975) is the currency of Bulgaria. In old Bulgarian, the word lev meant "lion"; the word "lion" in the modern language is lаv (IPA:; in Bulgarian: лъв). The lev is divided in 100 stotinki (стотинки, singular: stotinka ...
List of all European currencies Country Present currency Currency sign ISO 4217 code Fractional unit Previous currency Albania lek [10]: L ALL qindarke: none Andorra euro [11] ...
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.
During 2009, the value of the euro against the pound fluctuated between 96.1 pence on 2 January and 84.255 pence on 22 June. In 2010, the value of the euro against the pound fluctuated between 91.140 pence on 10 March and 81.040 pence on 29 June. On 31 December 2010, the euro closed at 86.075 pence.
The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.
British pound: 100 pence (singular: penny) since Decimal Day, 1971 Bulgarian lev: 100 stotinki Cyrillic: стотинки ("hundredths") Chinese yuan: 100 fēn (分); in general usage, divided into 10 jiǎo (角). Croatian kuna: 100 lipa: Danish krone: 100 øre: Egyptian pound: 100 piastres: Estonian mark: 100 penni (singular: penn) Gambian ...
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-denominated. In 1998, the BNB Printing Works was opened for business, and it began the production of banknotes and bonds with a very high level of security.
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.