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Bulgaria is preparing for a currency change

Bulgaria is preparing for a currency change

This is how the country is implementing a strategy to implement the rules of the eurozone; within a year, it is planned to introduce the euro instead of the lev.

The law on the euro has already been adopted, and the process and consequences are described in detail. The changes assume that a salary of, for example, 1,500 leva, will be converted into approximately 767 euros after joining the eurozone.

One of the main problems is the high level of inflation. The exchange rate mechanism in the country was introduced back in 2021, this is just a preparatory stage for accession. But at the moment, the full implementation of the euro can be realized in 2025, previously plans were for 2023 and 2024.

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