The European Union Council has given the green light to the formal incorporation of Bulgaria to the Eurozonesetting the date of currency change for the January 1, 2026. The conversion rate is established in 1 euro = 1.95583 camwhich corresponds to the central type in force in the exchange rate mechanism (ERM II) since July 2020.
Evolution towards the euro has been closely supervised by the European Central Bank and the Bulgaria National Bank From the entrance of the Lev in EM II on July 10, 2020. EU Economics Ministers approved the agreement this week, completing the three legal acts necessary for Bulgaria to become the 21. Country in the Euro Zone.
According to the Prime Minister Rosen Zhelyazkovadhesion to the euro will promote the economic growthwill improve the purchasing power and favor the Convergence with life standards of the rest of the EU. The Bulgarian government emphasizes that the transition will be carried out with transparencywithout commissions for change of savings and with prices for prices for protect the most vulnerable segments of the population.
The euro will be the Bulgaria’s second official currency From the Lev established in 1881 and will reinforce its economic and political integration In the European Union. In addition, it is expected that it benefits tourism and al cross -border tradeby eliminating change costs and increase the Economic stabilityaspects valued by Brussels.
For their part, the national authorities are already finalizing logistics preparationssuch as the design and coin of coins with national reasons, Among them the rider of Madara, San Iván de Rila and Paisiy Hilendarski, scheduled to enter into circulation after the final approval.
Bulgaria will take a very significant step towards its European consolidation When the Lev changes for the euro at the beginning of 2026, with projections of economic benefitsbut also with internal political and social challenges.
